Need some clarity!!

[Teri M.]

Ok Im working on my first wholesale deal. I put a Flex Option on a property not long ago. The seller which is an investor told me if I bring a buyer he would have me on the hud 1 and pay me a transaction fee, if marked up above his price I get what ever extra was marked up.

He is trying to sell via trust. What I am wondering is I thought if I put a flex option on a property and exercise my right to buy, that I would be able to do a purchase contract and either assign or double close to my buyer.

It sounds like he just wants to sign an agreement with me and I give him the end buyer. But on this property I can easily make at least $5k so would the title company think something fishy about a $5k transaction fee??

Hoping some of you real players can clear this up for me....kind of confused on that note. Thanks in advance!