NOMADIC_HOBO
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NOMADIC_HOBO1 karma
Haha yes you guys do earn that 15% and I myself and I'm sure many others wouldn't even mind paying 20% for the first 10k and 15% on everything after that kind of like real estate.
The $300 barrier to entry though is hard to swallow whilst there are other options.
I'm sure you know what you are doing. I have heard you speak on a podcast before and you sound smart enough but maybe offering different fee/commission structure would help out.
I prefer to keep the higher ticket properties myself and the ones I create and try for a year that don't quite make the cut I usually sell off on flippa or even Kijiji/Craigslist locally.
I have a few right now with valuations that would be in the 10k-20k area and if there was just a flat rate commission without that barrier to entry fee I would love to try you guys out 😀
You guys seem to focus on mid-ticket stuff but a properly vetted lower ticket one would interest many people!
Bottom line : Hook a Redditor up with a listing fee coupon sir! 😎
Good luck and I hope everything keeps going well for you guys!
NOMADIC_HOBO115 karma
I think a 15% fee is justified and is the going rate for any marketplace bringing in qualified traffic.
What I am not into is the $300 ebay style fee to list.
That is why I use flippa instead.
Though you probably get more qualified buyers and I do like the empire flippers model better for both buyers and sellers the upfront fee does limit you quite a bit when there are other places with much more flexibility.
I do however recommend you guys to anyone looking to by their first property 😀
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