Partner with Auction Buyer

[Bobby Holley]

I have a friend who recently asked me to find them a home to fix up and flip to them.  I found a home I think they will like that is going to auction tomorrow (11/1/16).  I can't pull together the cash to purchase that size home at auction.  The opening bid at auction is $170k.  It's a house that could likely be sold to my friend for over $300k.  What I would like to do is go to the auction and see if I can partner with the person who may end up buying this home at auction in order to secure a buyer for them and referral fee for me.  Is that a practical way of looking at this situation?  Is there anything improper about this solution?   What size fee might I get from the auction buyer?