If I am finding a buyer for another wholesaler who has a deal that they cant sell and they give me a finders fee, what factors determine how much money I get from them? I have been told the average finders fee is between $500-2000. So, what makes a wholesaler give me $500 vs $2000? Can anyone explain this to me please?
Take this with a grain of salt, as I have yet to assign the first contract… But my belief/understanding would be whatever your agreement is with that wholesaler… If you are providing a buyer that he did not have, then you should work it out so it works best for both of you ( and your buyer as well)… I don’t believe it should be more than a 50/50 split at best, but I could understand if maybe you received 1-2k (depending on numbers)… Just don’t get greedy I would say. Sounds like someone you could work with in the future and I pretty sure your buyer would not be upset with you having more deals to bring their way…
As far as how to make sure you get paid you may wanna search the forum for any pertinent information on partnerships… That search button will help answer alot of questions, or @ least it has for me
Richard
Gotta Go Get It!!!
Sign a consulting agreement with the wholesaler. Also have the buyer insert into the contract that your company (or you) is to be paid a consulting fee from sales proceeds.
The amount you get should be agreed upon upfront prior to bringing a buyer to the table. Dont let the two parties become aware of each other without a signed agreement as there is nothing else to gaurantee your fee.