All Forum Posts by: David Pulido

Howdy,

New to RE Investing: 

I am curious to know how much can one earn if one refers a money lender to a full-time house filpper. The money lender gets his percentage from lending the money at his rate. The borrower, or house filpper, makes his money once he sells the fixed home. Should the person connecting these two get a fee? If so how much? 

Also, is this a one time referral fee collected? What if the lender and house flipper continue to make deals and both come out winning. Is it possible for the person who connected both to collect more referral fees? 

Thank you all.  

New investor looking for someone who has completed a new construction build to learn the process. Learning from YouTube but want to hear from someone from this great platform. I want to learn to "trust the process." Thank you for your time. 

David P.

Awesome, great points. $20K on $820K property value is about 3% (ish). That sounds way better than the $1000 bird dog fee mentioned. 
In my humble opinion, I think the finder, of an off market deal, should be compensated accordingly. Presenting an off market deal to a buyer/investor is giving them prime access on a purchase. This becomes a one on one deal. Without the finder the buyer will not know of this deal. If the property gets listed on the market it can become a bidding war with multiple buyers and we know how that goes- great for seller but not for buyers.  I just heard on a BP blog where finders fees can range from 3-35% which is great!
Love to hear different views so keep it coming. Learning a lot from you!  
Does one need to be a licensed realtor to get this "finders fee." I'm an investor so really curious. 
Thanks folks! 
Respectfully,
Dave

Awesome, guys - thank you so much! Thank you for taking your free time and answering my inquiry! Have a great weekend!

Dave

Thank you for your response - I appreciate it. But what if the property is worth anout $5-$10 million? Is a $1000 finders fee fair for a transaction like this? 

How much, as a finders fee, should someone get for connecting a distressed seller and a cash buyer for an off market deal? Is there an amount set in stone? A percentage? A pat on the back and a "thank you?"

If the "connector" is a real estate agent do they get more as oppose to a non realtor? I have seen a referral fee for a wholesaler be $10K. I would like to hear some thoughts. 

Thank you in advance!

Dave  

Howdy,

Hey, Madison, I am in the Austin area as well. Is there any Meet-ups for real estate investors, agents, etc?  I would be interested in networking. 

howdy,

newbie investor here looking to pick the brains of the more experienced investors. Would it be wise to get a HELOC and start doing the BRRRR method? I am a bit hesitant due to the housing market taking a dip lately and not to mention the higher interest rates. I have seen prices go down and have read demand for houses has gone down as well. Any info will be appreciated - thank you.

what is your contact info? I know someone in Houston who may be able to help. 

what's your contact info? I know a realtor there.