Flip a short sale flip?

[Brian Wall]

Here is an interesting question for those short sale flippers out there?

What is a short sale flip worth, upfront cash?

If I was able to provide not just a lead, but an actual homeowner that is ready to sign paperwork, etc. How much would you pay me, right now, to be able to step in my place? Assume that all necessary paperwork was provided, and all docs signed & properly executed, recorded, etc. Prior to you paying any money.

Very similar to a bird dog, that gets a house under contract, then sells the contract. I realize its not the same, but similar.

You would have the opportunity to review 100% of the details prior to signing.

I have not done this before, but just thinking that if I needed to generate some quick cash is there a market for it.

I realize the answer would be "it depends", what would it depend on? What would have to be in place to first say Yes, then to get the max amount?

I imagine the lender on the short sale, would be a factor, as well as how many liens.

I assume it would be a small percentage of the expected future gains (basic formula that net present value is less than future value).

I am looking for any and all constructive criticism.

I am not just looking as a "provider" of deals, but also, if I were to approach realtors, what could/should I offer them, as cash up front, to bring me a deal.

[James Ward]

Brian,

I have two(2) people that we have contracted to conduct business:

1) I have not closed anything with this person. He brings me everything that is on my automatic "no" list. So, I have yet to do any business with him.

2) The first deal he took the $525. Since, we have completed three(3) more deals in which he took the 10%. His checks- A)$749 B)$1,127 C)2,361

Please note- More local people have spoken to me about bringing us these type "leads". But all wanted either 50% of the deal, or wanted something that we were not willing to do.
We have made sure to put into a contract everything that each party is expecting and what is expected of each party. (I have had one(1) person that would not sign any type of contract.)

Hope this has helped.