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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] The two don't mix.. Posted by Ward-CA- on June 25, 2003 at 11:29 PM In Reply to: 1695.17(a)(b) and investors? posted by Travis-CA on June 25, 2003 at 10:38 PM : Ward, : How do investors play into the 1695.17(a)(b)? If Dan the door knocker brings me a deal and I front all the cash, does title have to vest in Dan the door knocker's name to qualify him as the equity purchaser and not my "agent"? If this is true how can I protect my investment with Dan? Would a Joint Venture dance around this? : : Thanks, : : Travis -=-=-=-=-=-=-=-=-=-=-=-=- Travis, The door knocker’s job is to set up an appointment for you to meet with the owners. She doesn’t negotiate any of the terms of the sale and thus escapes the need for a real estate license. Your expertise is negotiating the deal and successfully closing it. The door knocker generally receives a fee of 15% for arranging the appointment for you. They get 1/2 of their fee upon the owner’s sign-up and the other half when the deal finally cashes out. The investor’s role is that of a passive party who puts up the money investment and receives her money back and a profit split at the end of the deal. Investors almost never meet the sellers or even talk to them. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Ward, : : How do investors play into the 1695.17(a)(b)? If Dan the door knocker brings me a deal and I front all the cash, does title have to vest in Dan the door knocker's name to qualify him as the equity purchaser and not my "agent"? If this is true how can I protect my investment with Dan? Would a Joint Venture dance around this? : : : : Thanks, : : : : Travis : -=-=-=-=-=-=-=-=-=-=-=-=- : Travis, : The door knocker’s job is to set up an appointment for you to meet with the owners. She doesn’t negotiate any of the terms of the sale and thus escapes the need for a real estate license. : Your expertise is negotiating the deal and successfully closing it. The door knocker generally receives a fee of 15% for arranging the appointment for you. They get 1/2 of their fee upon the owner’s sign-up and the other half when the deal finally cashes out. : The investor’s role is that of a passive party who puts up the money investment and receives her money back and a profit split at the end of the deal. Investors almost never meet the sellers or even talk to them. 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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