Whole Sale/Mailbox Mail/Seller Financing...

[Daniel Rosario]

Hi Everyone, Hope you are doing well today!!! 

Okay sooo here I go...

OK so I received a phone call from a wholesaler he came to me because I have clients that are willing to put down $30-$60,000 on a home, Now after asking some questions I come to find out that this wholesaler needs my clients $30-$60,000 down.. Why are you may ask..
This whole seller has under contract three properties, two 3 families and one single-family now what the wholesaler wants to do is Use my current clients Cash down to put together this deal… FYI! This is seller financed which does not happen often in CT! Or most states.. the seller is retiring and wants what he called it “MailBox Mail”
What we would get out of the deal is we put the money down we asked for a fair interest rate in this market the wholesaler gets to keep one of the three families my buyer gets to keep one of the three families and I take the single-family home.. ( All with my clients down paying of $30-60k )
So it would practically be, my client does not have to pay me a commission for finding him a cash flowing asset ( my commission would be the house that I pay off, I just would have to pay a “down payment "or go through banks.. he would get a 3 family that cash flows $1500 a month with room to raise rents and the wholesaler would get the other 3 family as a finders fee..
So we are pretty much getting the 3 properties through seller financing and "my" buyer is paying the down payment..

What should I be looking out for!!???

The WS & my buyer & I would have to speak about a fair interest rate.. 

Also how does the title work?? Can I ask to hold title? so I am able to HELOC & Leverage the Unit? I have many Qs and I'm willing to work my *** off to be successful just need that Mentor to help me through! and my small family brokerage just cant do that..

Thank you in advance BP!

Also I don’t want to be sketchy in any way OR Break any laws in place!!! So if I'm doing something wrong tell me!!!! 

 I’m newer in the Real Estate world but sometimes you just gotta roll with the punches!