I have a seller that is willing to accept 80% ARV

[Fiona S.]

Hi,

Any and all advice is really appreciated right now.

I am currently starting out and have come across a buyer that is interested in an 80%ARV cash buyer. This is not what I was researching, therefore I have no idea on where to start with it!!!

They would prefer a quick closing and I would like to help them out as they have a beautiful house, but it is a little out of Albuquerque and I have no idea about real estate in that area. 

They want to know what my fee is to bring them a cash buyer, but I don't even think I can charge a fee. I would love to help them out, a fee of some sort would be great, but I really really don't want to break the law in charging a "fee" to pass on information.

Can you help me? How else can I help these people by passing on information and maybe making a small cut? Or do I just do as I always do and try to help others and do it for free?

Thanks in advance.

[Laurie Johnson]

You can not "bring" them anyone. You can not collect a "fee" if you are not a realtor. You can however sign a contract to purchase the house and then assign the contract.

I have the same question. Who provided you with the 80% ARV? The owner? My guess is they are asking full/over full retail price and do not or can not work with a realtor because they have no money in the deal for them. What is there mortgage? Are they current on there payments? What is the condition of the house? What if any work needs to be done?

As for cash we all want that at closing. lol. Congrats on getting started. You just need to keep at it and find your niche.

Good Luck and Successful Investing