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Updated over 9 years ago on . Most recent reply

User Stats

4
Posts
0
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JP Zurita
  • Investor
  • Astoria, NY
0
Votes |
4
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How to structure a REO deal and geting pay up front ?

JP Zurita
  • Investor
  • Astoria, NY
Posted

I want to make an offer on a REO using a LLC (or whit a S Corp ) as a purchaser, once they accept the offer I will sign on behave of the LLC in order to get the contract, now that I secure the deal I will talk to my possible partners (I have already 6) investors to join me and I will let them close using the same LLC but at this point I will transfer it to them for a finder´s fee plus we will draw a JV agreement in which will state that we will split the profit at 50% on this way they will have the security on been on title and I will get the security of gaining my profit.

Can this be done on this way  ?
do you see any mistake ?
do i have to change something ?

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