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how to become millionaire with real estate business_12

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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