How Do I Structure a "JV Deal" For Commercial Property

[Rafael Pena]

I've been wholesaling residential properties for the past year and one of my overseas buyers has up'd the ante and is interested in purchasing a commercial/multi prop. I do know an associate at a commercial prop brokerage firm, and they sent me a few properties that were in line with the buyers terms. My buyer is interested in all the properties, but Im kind of lost on how to structure this kind of JV deal when I'm working with the broker for the buyer, and with a commercial property firm that has various sellers. So my question is: What are my next steps in securing my cut in the deal before disclosing the addresses of the properties to the buyer, and buyer info and offer to the seller. What is customary split or fees when in commercial deal when one side has the property and the other side has the buyer?

[Greg Dickerson]

Originally posted by @Rafael Pena:

I've been wholesaling residential properties for the past year and one of my overseas buyers has up'd the ante and is interested in purchasing a commercial/multi prop. I do know an associate at a commercial prop brokerage firm, and they sent me a few properties that were in line with the buyers terms. My buyer is interested in all the properties, but Im kind of lost on how to structure this kind of JV deal when I'm working with the broker for the buyer, and with a commercial property firm that has various sellers. So my question is: What are my next steps in securing my cut in the deal before disclosing the addresses of the properties to the buyer, and buyer info and offer to the seller. What is customary split or fees when in commercial deal when one side has the property and the other side has the buyer?

 If you are not licensed you can not split commissions with a broker. You can ask for a consulting/ finders fee from your buyer for helping him secure properties or ask for a marketing / lead fee from the broker for the introduction. Other than that you can't sign the deal or or a fee unless you have the property under contract to purchase.