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how to become millionaire with real estate business_12![]() Navigation: Main page » how to become millionaire with real estate business Author: how to become millionaire with real estate business Pay a Finder's Fee for Information That Results in the Purchase of an Option The best way that I have found to motivate people to contact me with valuable information on non-advertised problem properties is to offer to pay a finder 's fee to anyone who tells me about a property that I put under option. For example, my standard finder 's fee is $500 cash, payable on the same day that I buy the real estate option. I pay $500 because it seems to be the figure that gets the attention of most people. I use to offer $300, but since I have upped the ante to $500, I have more than doubled the number of leads that I get monthly from people calling to tell me about various problem properties. The thing that I like best about paying finder 's fees is that I have to pay them only when I buy a real estate option. In the meantime, I have the benefit of a lot of people looking for properties for me without the cost of a weekly payroll. I know an option investor in Orange County, California, who specializes in buying options on properties that have been stigmatized by being the scenes of violent crimes. To find these types of properties, this investor has enlisted the help of the technicians who work for the companies that specialize in the grisly job of cleaning up crime scenes. This guy pays a $500 finder 's fee for every property he buys an option on. |
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