I had an investor contact me about a great, and cost effective solution called the Buyer Connect Program. This program allows you to pick from any property on the open Real Estate Market, and set your own Financing Terms, including the Interest Rate, Down Payment, and Monthly Payment.
He said if I have any less than perfect buyers that could benefit from this program, please let him know. He told me they do pay Finders Fees.
I asked him how much finders is he offering? Instead of him answering my questions as just tell me how much is offering, he then asks me how much I think is fair. This was not expected because I don’t have time to play pick a number. A simple answer would have done just fine. I gave him a number he didn’t like. So he suggested he would pay me 25% finders fee just to bring people to his website to sign up for his program. I was able to find leads to sign up for his program. I asked h him how I was going to get paid from bringing him people to sign up for his program. He tells me is not going to pay me finders fee for bringing him the leads I found. He tells me he thought I was going to actually close on the deals. Tell me this. When have you ever known someone to offer you finders fee on a deal you got closed? I never said anything about closing any deals. It was his idea to offer me a finders fee for bringing in buyers to apply to his program. If I am suppose to close on a deal myself, why would he offer me a finders fee? That’s the same as me bird dogging for deals and I get paid a fee if someone else close on those deals I brought to them not the other way around.