Selling Leads or referral fee?

Question

I have been doing various forms of marketing across many states now and am starting to generate leads but some don't fit my criteria or are outside of my local area.

Currently there are two types.

1. Leads that want too much and can be referred to a realtor

2. Leads that are a great fit for another investor but out of my local area. Being new to real estate I don't feel comfortable (yet) wholesaling something I cant go physically look at.

Whats the best way to go about selling or referring these leads off to interested parties in a way that makes sense for both parties?

Jeremy

Charlie Fitzgerald · Answer

Give them away and watch what comes back to you in return.  "Givers Gain...Takers Lose." The universal laws of attraction will compensate you more then any referral fee.

Adrian Smude · Answer

@Jeremy Ferguson any leads you get in East Hillsborough county and in Polk county I'd gladly help find a buyer for and we can find a fair split.

Benjamin Pekarek · Answer

I'm currently paying a 50% referral fee on closing for any leads sent my way. If you have anything that pops up in Central Florida, (greater Tampa Bay area), I'll be more than happy to service the client.

Jeremy Ferguson · Answer

@Charlie Fitzgerald I agree with you 100% on that, I am already doing that here locally. A lot of leads I can't take I refer them off to someone else to run with.

With this specific situation I have leads from outside of my local area and part of my problem is finding someone that can help the seller in that given city or state. I prefer a referral fee or something for these leads as they cost me a decent chunk of change.

Jeff Rappaport · Answer

Jeremy,

I would be interested in both type of leads you may have.  I would be happy to pay you if a deal can be struck or I will give you a portion of the profits.  Email me and lets discuss.  Thanks!

Selling Leads or referral fee?

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