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All Forum Posts by: Debbie Young

Debbie Young has started 1 posts and replied 4 times.

Wholesaling

Post: Wholesaling Question

Debbie YoungPosted
  • Wholesaler
  • Upper Marlboro, MD
  • Posts 4
  • Votes 0

@Stephen Nicholson Thanks for your feedback!  Good to know

0 Votes
Wholesaling

Post: Wholesaling Question

Debbie YoungPosted
  • Wholesaler
  • Upper Marlboro, MD
  • Posts 4
  • Votes 0

@joshcompton good to know. I will definitely do more research in this.

0 Votes
Wholesaling

Post: Wholesaling Question

Debbie YoungPosted
  • Wholesaler
  • Upper Marlboro, MD
  • Posts 4
  • Votes 0
Originally posted by @Josh C.:

It definitely sounds like you are acting as broker illegally. I've received a marketing fee from an broker before (but I knew him and sounds like you don't), but definitely paid post closing. Was this property listed on the MLS? If so you marketing fee probably won't buy you a decent dinner.

0 Votes
Wholesaling

Post: Wholesaling Question

Debbie YoungPosted
  • Wholesaler
  • Upper Marlboro, MD
  • Posts 4
  • Votes 0

Hi BP members!

I am new to wholesaling, so I need some advice on a potential deal that I received.  I recently received a property from a real estate agent (I am working with the buyers agent).  The asking price for the property is $900K, and I have a buyer that is interested in the property.  

If the deal goes through, who pays my finders fee (I'm assuming the Real Estate Agent, but not sure)?  If so, does the agent put together a contract to ensure that my finders fee is paid beforehand?  

How do I know what to ask for as a finders fee, if I don't know what the final purchase price will be?

At what point do I receive my fee?

Thanks in advance for your feedback!

0 Votes