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Updated over 11 years ago,
How to charge a percentage of the rehabber's net?
J Scott mentions in his book that an excellent way to get into rehabbing is to wholesale a deal to a rehabber, and give him the deal for nothing up front and 10-20% of the net + being allowed to shadow him throughout the process. Sounds great, but I only know how to assign a deal for a fixed fee.
How could an assignment contract be written to charge a percentage of net profit on a future resale? (Or is a more complex agreement needed?)
Thanks