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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Newbie & Finder's Fee Posted by Ward-CA- on July 07, 2001 at 8:06 PM In Reply to: Re: Newbie & Finder's Fee posted by Troy on July 05, 2001 at 11:10 PM : Thanks for the response. And great idea about the title holding trust. But, wouldn't I still need to fund the deal myself (which is what I was partially trying to avoid - along with rehabbing and retailing the property)? : Another source mentions the possibility of doing the following for a finder's fee: : "To receive a finder's fee, submit a California property purchase contract for an acceptable price. Then, assign your right to buy the property to the investor referred. The finder's fee is based on the possible profit in the deal and will be paid upon investor purchase. You take no risk and only make a small amount of the profit. This is a great place for novice, cash and credit poor subscribers to start with The Network." : Based on the legalities you mentioned in your reply to my first post, is this feasible and/or legal? : My main question, however, is, "Is this a good way for a newbie to start?" : PS - You're grand-daughter is adorable, and please tell Eric "thanks again" for the lunch! =•=•=•=•=•=•=•=•=•=•=•= Troy, sorry I missed you. No, you wouldn’t be funding the deal. The trust’s money would really come from the new beneficiary, who’d be annonymous as far as the world is concerned. I thought you would see that by creating the trust device there’s no suspicious public assignment, via escrow, to the investor. Yes, this is a conceivable way of getting started. But it will be a lot of work on your part, just to earn a finder’s fee. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : : Thanks for the response. And great idea about the title holding trust. But, wouldn't I still need to fund the deal myself (which is what I was partially trying to avoid - along with rehabbing and retailing the property)? : : Another source mentions the possibility of doing the following for a finder's fee: : : "To receive a finder's fee, submit a California property purchase contract for an acceptable price. Then, assign your right to buy the property to the investor referred. The finder's fee is based on the possible profit in the deal and will be paid upon investor purchase. You take no risk and only make a small amount of the profit. This is a great place for novice, cash and credit poor subscribers to start with The Network." : : Based on the legalities you mentioned in your reply to my first post, is this feasible and/or legal? : : My main question, however, is, "Is this a good way for a newbie to start?" : : PS - You're grand-daughter is adorable, and please tell Eric "thanks again" for the lunch! : =•=•=•=•=•=•=•=•=•=•=•= : Troy, sorry I missed you. : No, you wouldn’t be funding the deal. The trust’s money would really come from the new beneficiary, who’d be annonymous as far as the world is concerned. : I thought you would see that by creating the trust device there’s no suspicious public assignment, via escrow, to the investor. : Yes, this is a conceivable way of getting started. But it will be a lot of work on your part, just to earn a finder’s fee. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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