Updated about 7 years ago on . Most recent reply
NCND
What is this? Got a email from a sellers agent and he wants me to wholesale some of their properties, but I have to sign this form before moving forward.
Is it just like a agreement to work with one another and the information shall remain confidential?
It also says, 3% total fees of the purchase price...
What am I reading here!?!?!?!
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Jon Holdman
#3 Real Estate Deal Analysis & Advice Contributor
#3 Real Estate Deal Analysis & Advice Contributor
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Jon Holdman#3 Real Estate Deal Analysis & Advice Contributor
#3 Real Estate Deal Analysis & Advice Contributor
- Rental Property Investor
- Mercer Island, WA
Its complete garbage. Put the sender on your spammer list and forget about it and them.
NCND - non compete, non-disclosure. A document that says you won't tell anyone else about the deal
+3 - a fantasy the "seller" is engaging in where they think they're going to get a 3% fee for forwarding an e-mail to you.