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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Finder's fee arrangement Posted by David F on September 19, 2003 at 9:18 AM Ward, A fellow investor is offering me two properties in foreclosure, and he wants a finder's fee for them. Here's the relevant information: Neither property is under contract now, but both owners are willing to cash out now. Both properties are in the middle of the NOD period. The investor wants me to step in to buy the deals because he is too busy with other deals. The properties need fix up, and each one has profit potential of $60-70k. Here are my questions: 1. How would you structure finders fees in this situation? (flat fee, proportion of profit upon resale, etc.) 2. When would you pay the finder? Thanks! Follow Ups: Re: Finder's fee arrangement Chuck Williamson 6:20 AM, 03/28/04 (1) It varies from state to state... Ward-CA- 7:55 AM, 03/28/04 (0) Finder's fee arrangement Ward-CA- 4:11 PM, 09/19/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Ward, : A fellow investor is offering me two properties in foreclosure, and he wants a finder's fee for them. : Here's the relevant information: : Neither property is under contract now, but both owners are willing to cash out now. Both properties are in the middle of the NOD period. The investor wants me to step in to buy the deals because he is too busy with other deals. The properties need fix up, and each one has profit potential of $60-70k. : Here are my questions: : 1. How would you structure finders fees in this situation? (flat fee, proportion of profit upon resale, etc.) : 2. When would you pay the finder? : Thanks! 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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