Finders fee for pocket listing ?

[Josh Klauber]

Hi all

I found a really nice property (MHP) through a pocket listing. It’s a little too steep for me and more importantly I have never ran a park by myself. I would not be comfortable bringing in other people’s money without prior experience. I figured it would make sense to try to partner with an operator on the deal. A mutual acquaintance has syndicated several deals previously and would be interested to make this happen but from the sounds of it wants me to invest as if it was a normal passive investment through a fund (something I am already doing), making a certain percentage every quarter etc. How should I be negotiating this? Wouldn’t I at least be expected to get a finders fee? As the likely lead investor and the finder of the deal I would want a better return than what is being offered. (8 percent preferred return) After all if I wanted to invest more in a normal fund I would have already done so. I may still invest regardless but would certainly be way less inclined to put a lot of money into this deal. Really hope I can get some replies here as this is a time sensitive situation. Btw if there are any good prior conversations in the forum that would be relevant I would greatly appreciate a heads up. I’m sure this type of thing has been covered previously.

Thanks so much BP. Truly appreciate it.