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Updated almost 10 years ago on . Most recent reply

User Stats

8
Posts
4
Votes
Zachary Gordon
  • Real Estate Investor
  • Long Beach, CA
4
Votes |
8
Posts

Have a wholesaler with a deal looking for rehab/deal funding...

Zachary Gordon
  • Real Estate Investor
  • Long Beach, CA
Posted

I have a wholesaler that approached me with a property that they have under contract and they are looking for funding to rehab and sale the property for retail. My question is I would like to find them the private money and insert myself into the deal in exchange for piece of the profits or charge a higher percent than the private money charges. What contract or steps would I need to make sure I am doing this correctly/legally?

Thank you in advance.

Most Popular Reply

User Stats

537
Posts
228
Votes
Neil Aggarwal
  • Lender
  • Richardson, TX
228
Votes |
537
Posts
Neil Aggarwal
  • Lender
  • Richardson, TX
Replied

Dodd Frank does not apply if you are buying the property as an investment.  Those rules only apply if you are buying the property to live in it.

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