Resources on Finder's Fees?

[Rudy Curtler]

Hi.  I am a seasoned real estate investor looking to scale.  One area I am seeking to understand more about is from anyone who has had good success with adding finder's feed into your deals.  If you have done it, how did you structure it and what were some of the contingencies before the fee was paid out?  Also, are there any good resources that you used that you can recommend?  Would like to hear from those who have done it, not theoretical.

Thank you,

Rudy

[Frank Rolfe]

It has been our experience that 50% of all good deals come from brokers, and the other 50% comes from an assortment of sources: 1) direct mail 2) cold calls 3) mobilehomeparkstore and loopnet 4) deal assingments. When you talk about "finder's fees" I don't know if you're talking deal assignment fees (which we do pay and are normally 5% to 10% of face value of deal) but if you're talking about a "buyer's broker" I would not touch that as it will end your access to "pocket listings" which are the best of the broker's listings (and not publicly available).