How to successfully go through with a Finders Fee

[Troy Williams]

Good morning, I'm new to BP and investing as well. I've been networking and recently came across someone who recently decided they want to sell their home(FSBO). It's an off market deal so I would like to take advantage of the opportunity. With comps in the area for more than double the asking price, I see there's an opportunity to make some cash that I can use to find the next deal. How can I get a piece of the pie? Would this be similar to a finders fee? Is it illegal? Should I work with a realtor to broker the deal? Are there any RE agents who specializes in the West Philadelphia market

[Mike Cumbie]

@Troy Williams

If the house is being listed as a FSBO for 50% of what you think it is worth, then go buy it. Put an offer in and get the thing. You can then sell it, rent it or do whatever. If it is that smoking of a deal, someone is going to swoop in before you figure out a strategy.