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Updated almost 3 years ago on . Most recent reply

User Stats

9
Posts
4
Votes
Jefferson Bautista
  • New to Real Estate
  • Vancouver, Canada
4
Votes |
9
Posts

Is there a catch to this?

Jefferson Bautista
  • New to Real Estate
  • Vancouver, Canada
Posted

Hi all,

I recently found a mentor in my area that is willing to help me out with my first flip. But are they trying to help too much or are they expecting something in return beyond the normal scope? 

I just had my first offer accepted for a flip project on a condo and I told my mentor how its going. They're also a real-estate agent but would only be representing me during the sale as my family member is representing me during the purchase. Their commission is normal for my area but they said they would be willing to run the entire reno project in addition to doing the sale in the transaction. Am I missing something or is there a catch? Personally I don't like receiving too many favors as it may create a liability in the relationship that I may not be able to "re-pay." Maybe I'm being to cynical? 

Thank you!

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