On another subject, I wanted to share how even the smallest consulting tasks can turn into a very nice pay out.
Some time ago I consulted with an investor who was over his head and upside down on a rehab property. He was in the position of having to sell an unfinished renovation at much less than what he owed the bank. I worked with him by helping him attempt a FSBO sale and when that didn't work out finally recommended that he consider auctioning it.
I referred him to a local auction company that has great success in selling properties that just aren't moving in the conventional market. In addition, they pay a generous referral fee based on the final sale price. The auction was yesterday. The investor got a much higher price than he'd been offered previously, and I will get a check for about $4000 when the deal closes.
So, while I made $500 for the consultation, I made way much more by referring it out to a realtor friendly auction house. A WIN-WIN all the way around!
Deb Orth
Richmond, VA.