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Updated over 9 years ago,
How do I get paid for bringing a buyer?
So I might be closing on my first deal today. I called a bandit sign and introduced myself to the wholesaler. I told him I'm new in this business but knowledgeable and I'm looking to grow my network and possibly partner up on some deals. He had one. I told my buyer about it and negotiated. He's buying at 90k but there's no room for me to buy cheaper and reassign it at 90k. I know we unofficially partnered up and it should be a 50/50 split by bringing a buyer but I know that won't happen.
I still don't know what he has it under contract for but my guess is 70k max 80k. What would be a fair cut for me?
How should I approach him about this?
Don't want to sound overconfident but I don't want to get taken advantage of either.
Your help is greatly appreciated.