How to Become A Property Finder

Learning how to become a property finder is one of the best ways to get started in property. The reason for this is two-fold:

• Firstly, you get to take a finder's fee. This fee is normally set by you and varies depending on the amount of work you have had to put in to the deal.
• Secondly, you are getting invaluable experience in learning how to analyse deals and put them together.

When you become a property finder you can charge anything from £50 upwards. A lot of property finders charge a flat fee between £1000 and £2,500. Others charge between 1% – 2% of the price of the property. As you can imagine, this can be quite lucrative.

The fantastic thing about being a property finder is that, as a beginner, you don’t really need any start up capital and you are learning all the time about how to analyse and put deals together.

You will be sourcing for investors, so you will learn very quickly about the criteria they use, and, because they are most likely successful themselves, you will be able to analyse their buying criteria and use them as potential criteria for the properties you plan to buy in the future for yourself.

There are two potential ways to set yourself up as a property finder:

1. Just start looking out for potentially profitable properties that you think investors or developers will be interested in. Once you find them, do your homework on them, and analyse the deal as if you were going to buy it yourself. So this includes details of the local community, any regeneration planned for the area, shops and transport links, crime, rental prices etc. You are going to be approaching professional investors, so they are going to want to know all the ins and outs.
   
   Once you have got all the relevant information, try to contact investors and say you have a potentially very profitable deal. The best way of contacting investors is by posting messages on property forum pages, and by meeting them at property clubs and networking events. We have reviewed and listed the top forums on our investment property forum page.
   
   If you have done your homework correctly and have a good deal, you shouldn’t find it very hard to find investors willing to consider the deal you are offering.

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2. The other alternative is to post messages on property forum or chat pages, and network with property investors, telling them that you are a property finder and finding out what their individual criteria are.
   
   You need to get as much information as possible from them, build up a database of each investor and their specific criteria and strategy and then source property according to their specific needs.
   
   If you do this well, they will find it difficult to resist the deals you put before them, because you will only put deals before them that you already know match their strategy.

The bottom line is that if you choose to become a property finder you could be entering into a very quick period of property education and you could end up learning much more and in a much quicker time span than you every dreamt of.

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