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Updated almost 7 years ago on . Most recent reply

User Stats

24
Posts
11
Votes
Matthew Rodriguez
  • Realtor
  • Hialeah, FL
11
Votes |
24
Posts

Creating cash out of first deals

Matthew Rodriguez
  • Realtor
  • Hialeah, FL
Posted
Hello BP community! I am trying to do my first real estate deal and am wondering how to structure it. I have found a property for $295k in a nice neighborhood with an ARV of $385k the seller acquired through adverse possession. I cannot purchase the property myself as I do not have the funds for it. However, I have found an investor whom I’ve showed the property to and is interested but needs to get inside for the contractor to give a repair estimation to get actuals. How do I set this deal up so that I can ensure I make money as the finder? Is there a contract I fill out? Thank you! Any details of how to close this out is much appreciated!

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