Realtor And Investor · Frederick, MD · Member since 2011 · 68 posts · 30 votes
I was wondering if anyone can post info from their first deals that they completed as a bird dog/ finders fee ( investor pays fee deals only). If someone could detail each step they took and problems they encountered in the process that would help a lot thanks everyone
Flipper/Rehabber · Seminole, FL · Member since 2010 · 859 posts · 316 votes
15y
Trey, I could share my first wholesale deal with you. But I have never trusted any investor to pay me outside closing for referring a seller to them.
I never saw a reson for that, as I could just contract with the seller and assign the contract to my end buyer/investor. That way I KNOW that I am getting paid.
Specialist · Cleveland, OH · Member since 2011 · 1k+ posts · 852 votes
15y
Trey,
I could not agree more with Jimmy! You gotta get paid at closing. The second deal I assigned years ago never paid me. It was only 2k, but I will never see it. Plus it is a lot cleaner to have an assignment of contract, otherwise you can be looked at for practicing real estate without a license.
Realtor And Investor · Frederick, MD · Member since 2011 · 68 posts · 30 votes
15y
Thanks for the advise. I have read the FL laws. I have to have a contract written up with my real estate lawyer and the deal has to be closed with
anyone who holds a real estate license. But I def understand that I shouldn't let a shady investor side step me. Thanks for the info any other advice will help too.