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Updated over 9 years ago,

User Stats

88
Posts
12
Votes
Ken T.
  • Developer
  • Astoria, NY
12
Votes |
88
Posts

payment thru wholesaling

Ken T.
  • Developer
  • Astoria, NY
Posted

I have a friend who wants to buy a property i found, the homeowner has verbally agreed to a price for 150,000.  I told my friend he can have it for 160,000.  My friend said he just needs to see the place, after he does hell give an all cash offer on the home.  Here is my question, what is the best way to get paid? Ultimately i want my friend to do a contract with the seller for 150,000 and then give me a check for 10,000, this way i don't have to assign it and deal with paying lawyer fees. so what is the best way to go about this? do i attach this to the contract for the home? or do a separate agreement of some type?

any advice is much appreciated.

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