All Forum Posts by: Joel Carpenter

Both the buyer and sellers have never met, I'm representing the buyers position and havce control over flipping the property. At this point I'm just gathering the locations specs from the seller CAP RATE, SQFT, PRO FORMA, BACK TAXES, LEASE OPTION AND RATES, ETC. to present to the buyer who'a ready to go. I just need to know more about the commercial contract and my acquisition fee.

I have the buyer and seller ready. It this time I'm trying to get the specs on both 10-20 year lease with fixed rates as well as the purchase price for the location from the RE agent representing the seller. In addition, I need to know if I should present a "disclosure" form to the selling agent who want to know me source along with my fee. Is the acquisition fee for commercial transitions between 1-3%? Should that be payed up front? I have a mentor who I've been working with that I met in the library. He flips house and has done a few leases options, short sale etc. He also owns property, but I don't really know his well enough to trust him... He claims to have a team around he which also includes hard money lenders, rehabbers, attorneys etc.

How do you do a commercial flip worth 2 million dollars if it accidentally fell in my lap?

This happen to me yesterday 06/13/2015... Help Please!