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Updated 6 months ago on . Most recent reply
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Getting Paid for Bringing the Seller and Buyer Together
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
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