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Updated over 4 years ago, 04/14/2020
Finder's Fee / Commission
I recently found a home in the Reno/Tahoe area for an investor who does many flips. The ARV would be about $750k to $800k. The most the investor is willing to pay on the property is $548,000. The deal offered to me is a $2500 flat-rate for finding the home or $2500 + 50% of whatever amount I can get the owner to agree to under the $548,000. Ex: I get the owner to agree to $540,000 so I would receive $4k + $2500 ($6500) for the deal.
Any thoughts on this?