How To Become A Property Deal Sourcer: My property reality show, The Eviction, is here with its 3rd episode. This time, the stakes rise as the candidates face a high-intensity deal sourcing challenge. Splitting into two teams, they must find lucrative property deals, package them professionally, and secure investments from real buyers.
You can see exactly how they did by watching the full episode at the top of this page or on YouTube. You can learn a lot about how to become a property deal sourcer by watching this particular episode, so it is well worth your time.
Deal sourcing is a great way to generate cash-flow from property, even if you don’t have enough money to invest yourself. In this article, I will teach you how to become a property deal sourcer and make thousands of pounds from each deal!
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1. How To Become A Property Deal Sourcer: Co-Deal Sourcing
One of the fastest ways to become a deal sourcer, is to become a co-deal sourcer. Co-deal sourcing is where you find deals and then pass them to an existing deal sourcer. If the deal sells, they will then split the fee with you. Talk to deal sourcing companies and find out what sorts of deals they are looking for, and if they are willing to partner up.
Most deal sourcers will want to know that you have the background necessary to assess deals. Therefore, to do this, you will need some knowledge and training. Attend training events, read books and watch my YouTube videos as a starting point.
2. How To Become A Property Deal Sourcer: Deal Sourcing
Becoming a deal sourcer yourself means creating your own investor list to sell deals to. You will need to get to know property investors and collect their contact details. One way to do this is by attending networking events and property training. Another is to use paid adverts on social media.
Once you have a list, you can find deals and send them out. Your clients can then pay you a fee and receive the information. They will then have a set number of days to take the deal or ask for a refund. You can charge £3,000-£5,000 as a sourcing fee for many deals.
3. How To Become A Property Deal Sourcer: Bespoke Deal Sourcing
Another option is bespoke deal sourcing. Unlike other types of property deal sourcing, this is where you have an agreement to find a specific kind of property for an investor. This means that you will know exactly what to look for, and won’t have to guess as to what investors are after in a deal.
To secure a bespoke deal sourcing arrangement, you need to ask an investor what they are looking for at the moment. Then, make an agreement with them to find that kind of deal. Next, take a deposit. The deposit will either be returned to them if you can’t find a deal that meets their requirements, or taken off the sourcing fee, if you can. This means you only need one investor to get started with your deal sourcing business!
How To Become A Property Deal Sourcer Or A Property Investor
Now that you know how to become a property deal sourcer, it is time to learn how to find the deals. You can use this skill either to find your own investments or as a deal sourcer. Join me at my next £1 training event!
On the course, you will learn how to:
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Become a property investor using other people’s money so that you can get started straight away
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Utilise the 5 different types of raised finance so that you know exactly what to offer and when
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Find the perfect properties for the BRRR strategy
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Recycle your money so that you can ‘rinse and repeat’
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Build a power team you can trust, so that you can save time and money
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And much more!
Tickets are only £1, and you can get yours here. If you are ready to take action, I hope to see you very soon!
