Should I sell or risk tenants buying at undervalue price?9:08 AM, 25th September 2019
About 4 weeks ago 48
I keep spotting potential deals that I don’t want to take on myself (various reasons such as out-of-patch, already committed, slowing down etc), and would love to package them up and pass them on to investors, for a referral fee each time. This would build my own cash pot for deals that do tick all my boxes.
Two main questions:
1. How would we set fees, basically for finding the deal, researching it and doing some basic numbers for due diligence. Should the fee be a percentage of the PP, or GDV, or the uplift, or some combination?
2. It’s all a bit of horse-trading, but what percentages are common these days (Home Counties)? 2%? 3%? 5%? ??
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Our mission is to facilitate the sharing of best practice amongst UK landlords, tenants and letting agentsLearn More