Buying A Home – Developing Your Own Network Of Property Scouts
As you begin to develop your real estate investment business, you’ll soon progress from being a property scout to becoming a full fledged real estate dealer or retailer in need of a scout. You can start recruiting scouts by offering a referral fee for any information that leads you to a property you end up buying. The referral can range anywhere between $500 to $1000, depending on how profitable the transaction is. While a friend will be more than happy to help you out, it will be more difficult to locate real scouts that will hard for you only if they only getting paid when you actually purchase a property.
Scouts are just like any other employees starting out at a sales job, they quit after a few weeks because they don’t have the mental tenacity to hang in there until the first commission check arrives. Scouts prefer a modified payment system to keep them motivated. You can offer to pay them a flat fee for each distressed, unappealing property they find. They should supply you with a photo of the property, the full address, and the owner’s information.
The if you’re an investor seeking distressed properties in Orange County, try contacting these local Orange Realtors for assistance.
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