Posted by Carl CA on September 16, 2004 at 19:27:07:
I’ve done a few of these. I usually only do it with lower value SFH’s. If it’s a screaming deal, I find a way to keep it for myself - if it’s just an “okay” deal and my cash supply is tight, I’ll pass it off if to someone who’s interested. I normally sell it to someone on my private investor list and collect 1% of the purchase price for my fee (just assign my contract and get a check). Similar to bird dogging. They’re usually worth about $1k per deal. Not great, but not terrible for a few hours worth of work.