Hello everyone, I have a question.I have an investor that asked me to find him forclosed property he can buy and he will pay me a finders fee. Im not sure what he means because you can look on many sites and get that information. Can you guys help me figure out what it is i have to do? Dont want to come off as super beginner with this task!
You need him to define exactly; what type of property he is looking for, what information he wants back from you, and how much and when do you get paid.
The word foreclosure has a different meaning from an investor or realtor. It comes down to a house that is going thru foreclosure vs. one that has been foreclosed on and is now bank owned.
A property scout/finder gets paid one of two ways. They are paid per house found (approx. $10) or by the house deal closing ($500 up).
@RDO Thanks for the info!!