I have located several REO’s with a nice amount of equity. Is there a way to structure the sale/assignment of these without assigning or purchasing? Maybe a contect could be created between me and my investor stating that I will provide the property info and he will pay me a certain amount before and after closing? Is this possible?
Hello Royallaw, what you are actually wanting to do is birddog the deal… if you have no interest in purchasing the property or putting the house under contract, you have no ties to the deal. from what I understand to secure your deal as a birddog you need a master fee agreement… or some type of binding agreement stating your fees for locating the property… someone posted a birddog agreement for the state of california in one of the topics a few days ago, search thru all the threads in this section… also check with the gurus hear someone may know where to guide you for the birddog agreement for each state, or the agreement may go by another name… keep in mind, the biggest thing is making sure your contract/birddog agreement is legit and enforced, or your investor may try to back door you…