I keep hearing that it is a good idea to get a licensed real estate agent on your team to help find foreclosure properties. I’m not necessarily looking for bank-owned properties, but rather pre-forclosures mostly. If I meet with a couple of agents to see if they would work out, what can I tell them is in it for them on a pre-foreclosure? Do I tell them I’m likely to sell my purchase contracts to investors who would do the fix-up and final sale? Any thoughts? Thanks.
Money, the only thing they’re interested in is cold hard cash.
Offer them $500 on every deal you close from them, and the contract to sell it when you’re done rehabbing.
There are better ways to find deals, and better ways to sell them.