Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago,

Account Closed
  • Investor
  • Port Saint Lucie, FL
10
Votes |
85
Posts

Dealing w a RE agency

Account Closed
  • Investor
  • Port Saint Lucie, FL
Posted
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?