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Updated about 12 years ago on . Most recent reply

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34
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0
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Niki Cunningham
  • Real Estate Agent
  • Denton, TX
0
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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....

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