Incentive/Pay when using Real Estate Agents for Deals

[Tomiyo Williams]

Hi! I'm new at investing. I have a friend who is a Real Estate agent that I'd like to utilize for help locating properties as well as MLS access for comps.

What is a fair incentive that I can offer? I don't expect him to help for free nor would I suggest it. I haven't approached him yet and I'd like to be sure that my approach is solid and most importantly, mutually beneficial.

Thank You in advance!

[Andrew Davis]

HI @Tomiyo Williams - are you looking to wholesale? @Martin Vehlow is correct, they'll get a commission on any on market deals you do together.

A few other incentives:

- refer them business: in my marketing for off market deals I interact with a lot of folks who want to sell, but not at a discount that makes sense for me as an investment. Sending those leads to your realtor friend would be very beneficial to them.

- pay them a % of every off market deal you close

- share your plan with them and ask what would motivate them to work with you.

Hope that's helpful!