Working w/ another wholesaler

[Darieal S.]

I'll try to keep this brief and to the point.

i received a call from (what I thought was) a home owner (out of state) of several properties that he was looking to sell. Come to find out that he is a wholesaler that deals with Bulk REOs. If things go well I should be able to team up with him for future business. So, what's the question right?

Being as though I haven't work with REOs before, do I;

1. Treat it like a regular wholesale deal?
2. as far as End Buyers are concerned, how do I best secure my position with out having this person go right to my buyers directly.
3. The wholesaler states that the bank is not allowing him to provide all the details about the properties until PFO & LOI are received (hence question#2)
4. and with the amount of properties that he has at the moment for me to help him with, and REO's can't be assigned, how do I structure my agreement with buyers to secure my fee? Transactional Funding? or... use a flat fee for access to the information?

What do you guys/gals think? or am I over thinking this whole thing!

have a great day!