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Updated almost 6 years ago on . Most recent reply
Building a team for probate investments
I am interested in building a team to get into probate real estate. I'm at the very beginning stages of learning about it. I know that my strengths include data management, analysis, and communicating with others and feel that these are valuable parts of a team. However, as much as I would like to be able to analyze AND purchase properties on my own, I don't have the cash to invest yet (and as a teacher, it might take me a while...).
Are the strengths I listed things I could use as leverage to bring other people into my vision of an investment team (real estate agent, contractor, home inspector, attorney)? If I find deals that offer a lot of equity, and someone else were willing to put up the money with the expectation that they will gain a profit, is it fair for me to charge a percentage of the profit for finding the property? Or is this considered brokering without a license?
I am not asking anyone to just throw money at me without them getting something in return. I'm just wondering if my willingness to go down to the courthouse to dig through public records, analyze the data, and offer it up to someone with capital is enough to ask for some percentage of the profit.
Appreciate any and all advice!