4 Ways To Get Others To Find Great Real Estate Deals For You

Here are 4 amazingly simple ways to get others to find great real estate deals for you.

First, and this is an obvious one, hire a real estate agent or broker to scour their multiple listing service (MLS) and only bring you the deals that meet your very specific criteria. The overwhelming majority of real estate agents and brokers are paid only when you buy or sell a property using their service. They can look through the inventory they have access to and share with you the ones that meet you very specific needs. Then, when you find one that works for you, you buy it with that real estate agent or broker. You get a great deal and they earn a commission.

Second, find Real Estate Bird Dogs to go out and scout out potential deals for you. They may scour the MLS, real estate websites, classified ads, newspapers, real estate magazines, drive neighborhoods looking for vacant or for sale buy owner houses and work their personal networks to find potential deals. Then, they refer those potential deals to you, you work the lead and buy the house. Many Real Estate Bird Dogs are paid a per lead fee and/or a finder’s fee on any deals that you close on. It is more common for a Real Estate Bird Dog to be paid a small amount for each potential lead they bring you.

A step up from Real Estate Bird Dogs is the Real Estate Wholesaler. Unlike Real Estate Bird Dogs, Real Estate Wholesalers will go one step farther and negotiate the deal for you and put it under contract. Then, they usually mark the price up from what they are buying it for–careful to keep it a true deal for their buyer–and sell it to other investors or, in some cases, retail buyers. Real Estate Wholesalers tend to work a lot with other investors and sell their rights to buy a property instead of buying and selling the property. They tend to make their money as an assignment fee that you pay for the right to purchase the property using their contact.

Finally, you can find a partner that has a great deal. Partnering with the right person can allow you to leverage your strengths and the strengths of your partner. Partnerships are not to be taken lightly, so do your homework BEFORE you take on a partner. But partners can be a great source of deals that where your potential partner has a great deal, but doesn’t have all the resources to do it themselves alone.

Until my next post,

James

P.S. Have you heard about our premiere real estate investor training the Real Estate Investor Bronze Membership?

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