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Updated about 9 years ago on . Most recent reply

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9
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2
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Tori Powe
  • Springfield, MA
2
Votes |
9
Posts

Wholeing with other investors

Tori Powe
  • Springfield, MA
Posted
So I have a deal to work out. And the Person marketing the home is also an investor. Now I'm a virtual wholesaler and I have a ground team in Tampa. How will this deal play out? Will the other investor act as the "seller" or should I close the deal and slip the profit with my ground team I am partnering with ?

Most Popular Reply

User Stats

19
Posts
10
Votes
Rachel Orsie
  • Wholesaler
  • Elkridge, MD
10
Votes |
19
Posts
Rachel Orsie
  • Wholesaler
  • Elkridge, MD
Replied

This is a vague post but if you're finding a cash buyer for their property and they're wholesalers then you would split assignment fee. That would need to be discussed before any marketing occurs and I would also suggest signing a joint venture agreement stating what your intentions are, cancellation policy and splitting assignment fee.

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