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Updated over 7 years ago,

John J.'s profile image
John J.'s profile image
John J.
  • from Long Beach, California
  • Member since Feb 18, 2017
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John J.'s profile image
John J.'s profile image
John J.
  • from Long Beach, California
  • Member since Feb 18, 2017
Connect
John J.
  • Long Beach, CA
0
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3
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Tax, SDIRAs & Cost Segregation

Legality of paying a sum to the previous owner when I sell

John J.
  • Long Beach, CA
Posted

I'm working on a deal right now, the seller wants 100k and I want to pay 90k.  However the seller has agreed to take the 90k so long as they get a percentage of the profit I make when I sell the property.  We both have agreed to this.

Would this be considered unlicensed real estate activity, whats your take?

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