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Updated almost 8 years ago,
Dealing with RE agents
I met a cash buyer/rehabber who will buy wholesale deals from me but in a nearby market that I am not familiar. I decided to track down a RE agent from that particular area to help me locate properties and vacant homes etc. The agency has been accomodating and investor friendly. The market is apparently "hot". They've emailed me properties of all kinds in that area meeting the criteria for my buyer. I asked the agency what kind of deal structure we could create together. They offered me 25% of the deal. 50% goes to agency and other 25% goes to agent that is directly helping me. Is this a good deal? I'm trying to lock up my first ever contract to wholesale and Im excited about 25% since all Im really doing is matching my buyer to a property sort of like finders fee. So a few hundred or thousand bucks is okay for me. I know I could prob lock up deals myself but as a new parent who works as a full time teacher and I also play live music on the side to help my wife stay home w baby - it's kinda the best I could do for an area thats about 60 miles away etc. it would be tough for me to drive out there myself etc. any advice?