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Updated over 9 years ago on . Most recent reply

Account Closed
  • Brooklyn, NY
2
Votes |
16
Posts

How do I bring investors together?

Account Closed
  • Brooklyn, NY
Posted

Good Day BP Investors:

Lately, I have been receiving inquiries from local investors in my area (New York & New Jersey) that have access to deeds and homes to sell that's in their inventory and these exsiting investors want me to attract other investors that are looking for deals, because a few of then are too busy managing or acquiring properties in various states. 

1) Should I create a written agreement for compensation and bring investors together to do business? 

2) How shall I approach this "alternative opportunity " of bring  investors together and make it lucrative for me as well as putting investors together? 

My area is Brooklyn New York.

Looking for suggestions! 

Thanks. 

Most Popular Reply

User Stats

147
Posts
53
Votes
Cheryl Schuck
  • Real Estate Agent
  • Parsippany, NJ
53
Votes |
147
Posts
Cheryl Schuck
  • Real Estate Agent
  • Parsippany, NJ
Replied

I would most definitely get a written agreement from them outlining your compensation should you secure a buyer for them.  Bringing all investors together at one time may be a bit risky for you should they decide to network and put deals together without you.  I would treat each of your investors as a single buyer and introduce them to the properties one by one.

Do you have buyer agency agreements in NY? If not I would also put something together in writing for the investors that you bring in as potential buyers so you protect yourself on that end as well.

Good luck.

Cheryl

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