Scout Commission & Partnership Scenerios

[Tracy Briggs]

Hi ... need advice on the following scenerios:

(1) Scouting Foreclosure Auction Bids
I am in real estate and have MLS. I know how to search Trustee websites and find address / date / opening bid amount for courthouse foreclosure sales. I know my area and how to search comps. I know how to do prelim title seach on reg deeds website. I know how to bid @ an actual courthouse sale. Here in N.C. I understand the 10 day upset period and how to increase bid by 5%. I have flipped one house last year by securing a construction loan at bank.

So ..... I have a lot of knowledge but don't know how to use it!!!?

Quest #1 .... how should I market that service IF a private individual wants me to find a property and bid at courthouse and then turn everything over to them to rehab & flip. Basically Im just a "scout".

Quest #2 .... same scenerio HOWEVER the private individual wants me to do everything (i.e. do the rehabbing and line up contractors and market the property, handle showing etc. Basically the individual is "the bank" and wants a return on investment.

Thanks in advance for any advice!

Thanks so much!