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Updated over 6 years ago on . Most recent reply
If it looks like a rat, and smells like a rat....
... its probably a rat, I know, but I want to know if the offer I have received is legally possible.
I want to sell a property to a tenant, but he doesn't have much for a down payment. He has contacted every lender/realtor in the state I think trying to finance this property. A realtor called me today to make me an offer. According to the realtor, this transaction has been approved by the hard money lender and title company already.
I have set a firm price at $100k, which is a good deal for the buyer, but I'd like the quick sale.
Here comes the sketchy part: They would like me to accept payment of $125k with $25k being commission for the realtor, which the realtor is then going to use to pay the down payment.
Is this even legal?
Most Popular Reply

What does it smell like ? ( if there is a gain you now have to pay more taxes too)