I’m working on a large aquisition package deal. 6 homes and 1 lot for $650,000 in NJ. I’m putting this deal together with the hopes of not wholesaling or flipping but getting a consultatation fee. I have an llc which is my company. Now what we are doing is locating the buyers., getting the comps, repairs cost,.zoning for the lots, cost to demo for one of the properties and an cost to rebuild , we are also doing reaseach on the title, deeds, mortgages, and will be putting the numbers together for our prospective buyers. We know thats all is estimated info. My question is, if i find a buyer for this deal, can i charge a consultation fee? an if so how much would be feasible? An what kind of form or agreement would i need? Thnks for all the help.
charge what ever your buyer is comfortable and able to pay you. If you think that the buyers will balk at your consulting fee, consider doing a double closing so that end buyer(s) don’t see what your profits are. You can also use an option contract package or assignment agreement to close your deal.
How do you plan on tying up and closing the deal? Cash, option, or ???
I was thinking if i can’t get a consulting fee. Then find a wholesaler, who has a buyer. sign an a greement with the wholesaler to split 50/50 on the profit margin. example: seller wants $650,000. He find a buyer willing to pay $700,000. We split the difference. Can someone tell me if this is right or should approach this deal differently, without tying up the properties?