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Updated almost 3 years ago,
Pre foreclosure/pocket listings... commission as an agent?
I have a few friends who are big time investors and wanting to do business together. Exciting but also a lot to navigate. I know they are interested in pre foreclosure and pocket listings... one of them wants an office building, one wants a multi family. They are doing a lot of searching on their own but have asked that I dive in and look for them, as they'd like to work with me.
1) what is the best way to obtain these types of listings? phone calls? networking? I would appreciate those who have been successful to explain!
2) how do I receive commission as the agent? Ive read a lot of mixed information for this and it kind of sounds like a free for all based on a mixture of- % $$ down, if full cash payment, type/loan amount, etc. What has been my fellow agent's experiences?
thank you in advance! I am excited to navigate this new avenue.