flipping short sales
I want to charge clients a fee for short sales. I have access to funding through investors?
http://www.reiclub.com/forums/index.php?board=29;action=display;threadid=13356
The company name is reifortunes.com and they are offering 2% on flipping properties. I would like to be in the middle and make a fee from seller to investor who also wants to flip.
Not sure what your question is.
If the question is how much to charge for facilitating short sales, are you prepared for all the time and effort it takes to do so? There are a couple of different models out there. A lot of them use a fee of $3,000-$5,000.
The link you provided to reiclub is an old thread about a real estate “guru” and whether his course is any good. It doesn’t appear related to serving as a intermediary in short sales.
The group reifortunates may or may not be legit. There are plenty of “dash for cash” companies out there that simply lend money for same day closing. This group appears to be more of a multi-level marketing set-up. I’ve gotten a number of pre-approval letters from different cash groups without paying at all.
If all you want to do is make a fee from a seller to an investor, then become a wholesaler. That’s simple and doesn’t cost anything.
Hope that helps.
Flipping High-End Short Sales