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Updated almost 7 years ago on . Most recent reply

User Stats

18
Posts
6
Votes
Diego Figueroa
  • San Diego, CA
6
Votes |
18
Posts

Need help on splitting the profits of a Double-Close

Diego Figueroa
  • San Diego, CA
Posted

Hey BP!

I'm helping another wholesaler find an endbuyer for a property in Kentucky; so we're looking to split the profits of the deal, similar to splitting an assignment fee.

The property's under contract for $39,900; but we're trying to sell it for $58k. How can I go about setting this deal up properly to split the profits of  Double-Close?

I've heard you can do a Joint-Venture agreement for assignments but I don't know if you can do it the same way with Double closings.

Any help or advice would be very appreciated! 

Cheers

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