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Updated about 5 years ago on . Most recent reply
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Keeping yourself in the deal
I had an interesting opportunity come my way yesterday, and I'm not sure how to navigate it, so I wanted to pose it to the BP community as I'm sure there are some pros who have experienced this.
I was out to lunch with a friend who owns a commercial construction company yesterday. They have a large deal that could be a big winner; ground-up construction on 40+ condos. They asked me if I could get it funded since their normal financiers are currently tapped out. I have a contact who would absolutely be interested in this type of deal and his company could provide all financing needed, but I'm not sure what the best way to structure this would be to keep myself in the deal before I approach him. And what is the best practice? Should I just connect the two and take a small fee or stay in it and handle Investor Relations with my contact? Any insights would be appreciated!
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@Nick Cucci Nick however you decide to go make sure your course of action stays on the right side of the law.
State and Federal laws are in place that address the need of proper licenses to legally receive finders fees for investment and or real estate services.