I found a deal, now I need to find an investor, right?

[Cortney Arenstein]

I'm not at the point where I can buy a deal like this myself. But I am a realtor. Is it OK for me to try to look for Houston investors here?

A fellow agent in my office has what I THINK may be a STEAL of a deal in Houston, TX, in a HUGE up and coming area. She can't seem to get any bites because a lot has slowed down here with oil prices being so low and our economy tied so closely. So I thought you guys might have a suggestion on how I can help her find a buyer (thereby adding to my investment capital pot through my commission, and adding to my experience of working with investors.) 

It has a house on it but needs to be lot value--If you know anything about Houston, it is practically downtown in Area 9... the seller is VERY motivated and I KNOW she will take considerably less. 

Should I "run the numbers" before I post an ad? I really don't know how to do that for something that is lot value. THoughts? 

[Edward Peugh]

@Cortney Arenstein Alright so you for sure need to get the deal under contract before talking about it any further.  Rule number 1 in Real Estate, don't talk about your deal until it's under contract.  Someone who is sophisticated in your market should actually be able to identify your deal from the information you have offered.  (How many properties in "area 9" have been reduced by 30% in the last two weeks?)

In any case, put the offer out, ensure that your contract has assignment rights, and then wholesale as normal.  As you are licensed, ensure that all parties involved know that you are licensed (Put that in writing).  Also check with your office lead, and the realtor board.

Good Luck!

Ed