Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 12 years ago,

User Stats

34
Posts
0
Votes
Niki Cunningham
  • Real Estate Agent
  • Denton, TX
0
Votes |
34
Posts

Ft. Worth Tri-plex is this a good deal & it there something fishy here?

Niki Cunningham
  • Real Estate Agent
  • Denton, TX
Posted

I got a call today about a tri-plex in Ft. Worth. These are the numbers the "finder" is giving me:
Investor price: $105K
Repairs: $30,000
ARV: $165K
4/2 rents: $900/mo
two 2/1's rents: $600/mo each

What seems fishy to me, the finder is asking for 1% of the final sales price I make with the seller. The seller is a wholesaler and is in the process of purchasing the property.

It seems to me there is one extra person in the this equation....
I would think if I'm paying for a lead that leads me to a deal I close, that lead should be with the actual seller and not another wholesaler if I'm doing all my own negotiations??? What am I missing?

Thanks for your help....

Loading replies...