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Updated over 7 years ago,
Wholesaling Large Investment properties using Master Fee Agreement
I have several large investment properties that I'm trying to wholesale for an Asset Manager in NY. These properties are between $3M and $20M, Off Market, Private Deals. There is no way the seller is gonna let me put it under contract. Transactional Funding letters only go up to 500K in addition.
I have found potential cash buyers for these properties as well.
I was told that I should have the seller put me in the master fee agreement for my fee.
Questions:
1 - How does this work?
2 - Is this a secure and safe way to do business? I was told that I can be listed under finders fee.
3 - Am I able to demand 3 points or more or should I be happy with whatever I get even if it's $5000 on a $40M deal?
4 - What's the difference between a Master Fee Agreement and a Sub Fee Agreement?
Thanks in Advance