Explanation or the Wholeseller / Investor relationship?

[Michael Spindler]

Hi BP,

Can someone explain to me the relationship between the Wholesaler and the Investor?

1. Do they (wholesaler) negotiate on your behalf with the seller for the terms? Or does the wholesaler and seller already have their terms agreed upon prior to marketing to an investor?

2. Do they provide Warranty Deed or do I need to figure that side out (seller finance)?

3. What is a fair “finder’s fee” to pay (%)? For ex. The total selling price was $17k of which $1k “fee” was built in.

4. Or do they simply present an opportunity and I figure the rest out?

I feel as though my ignorance has cost me an opportunity today.

Thank you.