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Updated about 9 years ago,
Wholesaling Question
Hi BP members!
I am new to wholesaling, so I need some advice on a potential deal that I received. I recently received a property from a real estate agent (I am working with the buyers agent). The asking price for the property is $900K, and I have a buyer that is interested in the property.
If the deal goes through, who pays my finders fee (I'm assuming the Real Estate Agent, but not sure)? If so, does the agent put together a contract to ensure that my finders fee is paid beforehand?
How do I know what to ask for as a finders fee, if I don't know what the final purchase price will be?
At what point do I receive my fee?
Thanks in advance for your feedback!