I was talking with Nick Johnson last night about a comment I made in a previous post about giving my short sale leads away to someone else for a referral fee. Since my focus is not short sales, and to be honest I want nothing to do with them I was more then willing to give my leads up for a small referral fee. This however is a great example of why networking and having a group of like minded people to talk tois so important.
Nick read my comment and came up with a much better solution, one that would benefit both of us. Since I am a Realtor I could list the short sale on the MLS and then hand over the negotiations and all things short sale to Nick and his people. If he were able to agree to a price with the banks then I would get paid a 9% commission for being the listing agent. Sweet deal!
Now I know there are Short Sales aplenty around my area I just have to figure out how to market for them. I may come up with one here and there through my probate marketing but not many. I’m currently pretty maxed out with my marketing budget just with the probate mailers (stamps, envelopes, paper and ink add up). The budget will expand once I make my first deal, but for now any additional marketing will have to be creative and cheap. Here are some of my ideas
- Post Ads on Craigslist
- Network with other investors
- Network with other real estate agents
If anyone has any other ideas please leave a comment
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