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Updated 6 months ago on . Most recent reply

User Stats

17
Posts
7
Votes
Randy Sinda
  • Wholesaler
  • Roseville, CA
7
Votes |
17
Posts

Getting Paid for Bringing the Seller and Buyer Together

Randy Sinda
  • Wholesaler
  • Roseville, CA
Posted

Good evening fellow BP'rs. I've been doing some direct marketing here in the Sacramento CA area. I've come across some deals that are to skinny to be a fix and flip. In my network I've reached out to a RE friend of mine and she has a investor end buyer that is interested in my deal which consists of 3 properties as a package deal from the seller i.e the seller does not want to sell just 1 of the properties it must be all 3 of them which are cash flowing rentals.

My question is my RE friend has to legally transact the deal on a "CAR" purchase agreement. I currently have the seller verbally ready to sell all 3 but I do not have them under contract. The end buyer is doing conventional financing. How how I put myself somewhere in the middle of the deal legally in contract so I can receive my assignment fee at the COE for bringing the 2 parties together. I believe with a CAR purchase agreement and conventional lending underwriting there is no way to specify a disbursement of funds to me as a "assignment fee" for "X" $'s.

Any thought's out there?

Thanks in advance,

Randy

Most Popular Reply

User Stats

9,934
Posts
10,788
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Chris Mason
  • Lender
  • California
10,788
Votes |
9,934
Posts
Chris Mason
  • Lender
  • California
ModeratorReplied

Get your real estate agent license, of course. 

  • Chris Mason
  • Loading replies...