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Updated over 6 years ago,
Need help on splitting the profits of a Double-Close
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