Updated over 10 years ago on . Most recent reply
Buying properties through Auction
Hi!
I am a Realtor in South Florida with just 2 years of experience. There is a Brazilian investor who wants to hire me to help him during all the process of chosing the properties, placing bids on auctions (online or in courthouse), hire professionals for fixing up, and then listing the property.
How do I charge for the entire job? All ideas are welcome! Thanks!
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#1 Foreclosures Contributor
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- West Palm Beach, FL
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#1 Foreclosures Contributor
- Real Estate Professional
- West Palm Beach, FL
Advise your customer there will be very little profit buying at the auctions, to rehab/flip. Too competitive. But if you do, make sure he builds in the costs of proper pre-auction research for title, HOA debts, taxes, etc. you could charge a few points on the buy side, then of course on the selling end.