All Forum Posts by: Sierrah Fanth

I'm an unlicensed Investor working under a business. If an unlicensed person brings me a buyer for my PA in a wholesale deal ,I can pay them a referral under their BIN or EIN.

However, If a licensed agent requests commission for a deal where there already is an agent assigned in contract, and we are unwilling to negotiate commission, how can I legally pay her a referral fee for bringing in a buyer?

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Originally posted by Steve Babiak:

To find sold foreclosures, I can usually look online in my county for recordings of "sheriff's deed". Might be something like that where you are, and it might be called "trustee's deed" elsewhere I guess.

I assume that was the type of auction you were referring to...

Thanks Steve, we do have that, and should be very helpful!

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Hi,

Does anybody know of a good auction website that has listings in MN? Also that allows users to see sold listings?

I've viewed priorityposting.com, lpsasap.com and reconstruct.com, and have not been able to find listings in MN on these sites.

I've came across sites that have Mn listings, but am specifically looking for one where you can see properties that have sold.

Thanks in Advance!
Sierrah

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Indus Investor Club, Edina. Many of the sites say that the group starts at 6 pm, and many say 10 am. Does anybody know for sure?? The contact information for the group is invalid.

_Sierrah

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Originally posted by Sage Jankowitz:

I know there are a wide range of variables that will determine your annual income (location, full-time or part-time, experience, etc.) as a wholesaler, but how big is that range? Could one realistically expect to make $60K in their first year? How about $100K? And how much more can you expect to make the longer you're involved in this business?

I know that it all depends on how active you are in your marketing. Yes, many use this technique to jump start their RE business, but that is because they move on to even bigger things such as short sales, lease options, rehabbing etc. However, I also know many people who've stuck with wholesaling for years. Income potential can be huge, it mainly depends on your marketing. I can refer you great resources for wholesaling.
It seems like most people who wholesale use it to jump start their investing careers, but I haven't heard of many people who do this for a long time. Is that attributed to burnout, lack of consistent cash, or what?

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WoW, This thread is almost three years old, and STILL extremely valuable, Thanks!

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All Forum Posts by: Sierrah Fanth

Sierrah Fanth has started 10 posts and replied 26 times.

Post: Recommended Wholesaler fee and referral fee

Post: Auction sites with sold Minnesota lisitngs

Post: Auction sites with sold Minnesota lisitngs

Post: Anybody a member of Indus in Edina?

Post: What kind of annual profits can one expect to make in wholesaling?

Post: Finding buyers lesson (part 1)