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Robert Burns

Real Estate Investor · Baton Rouge, Louisiana


Forum_avatar_avatar-raburns

Icon_minipost Nov 02 '09, 09:15 AM

What if I one of my buyers wants to buy a property from another wholesaler? Do I deserve any compensation for "hooking up" my buyer for the deal?

Edited: 06/26/2010 at 10:21AM


Jesse R

Rehabber · El Paso, Texas


Forum_avatar_avatar-ipersevere

Icon_minipost Nov 02 '09, 09:25 AM

Do you feel you do?

I'd negotiate a split with the other wholesaler in exchange for bringing your buyer to the table.

Edited: 06/26/2010 at 10:21AM


LeJon Ratchford

Real Estate Investor · Huber Heights, Ohio


Forum_avatar_avatar-lejonr

Icon_minipost Nov 02 '09, 09:27 AM

Yes, I would arrange some form of compensation. I would base it on how much work you put in on the deal. Its up to you.
LeJonR

Edited: 06/26/2010 at 10:21AM


Curt Davis

Wholesaler · Memphis, Tennessee


Forum_avatar_avatar-curt
Pro

Icon_minipost Nov 02 '09, 10:32 AM

Robert,

You should get something for bringing a buyer. Typically it is 25%. If you bring a buyer who is a cash buyer you might be able to get 50% but if the person who has the property does all the work then only expect 25%.

Edited: 06/26/2010 at 10:21AM

Small_buymemphisnow_stacksCurt Davis, buyMemphisnow.com
E-Mail: crtdavis@gmail.com
Telephone: 901-881-0552
Website: http://www.buymemphisnow.com
Full Service Real Estate Investing in Memphis TN


Robert Burns

Real Estate Investor · Baton Rouge, Louisiana


Forum_avatar_avatar-raburns

Icon_minipost Nov 02 '09, 12:17 PM

The other investor actually owns the house and wants to sell it for $85,000 and ARV is $130,000 with about $15,000 of repairs needed. So how much should I get for giving him my buyer?

Edited: 06/26/2010 at 10:21AM


Marcus Mccray

Real Estate Consultant · Monrovia, California


Forum_avatar_avatar-marcusm

Icon_minipost Nov 02 '09, 03:11 PM

Maybe ask for 15-25% of the spread/profit?

Edited: 06/26/2010 at 10:21AM


Jim Wineinger

Real Estate Investor · ten mile, Tennessee


Forum_avatar_avatar-jawsette

Icon_minipost Nov 02 '09, 03:18 PM

This is always a difficult one. The new investor/wholesaler should consider the profitability of networking.

If it was clear that he did not want your place, then networking with the other investor will gain you respect and bring future deals your way which is worth something in itself.

But all decent investors/wholesalers will compensate monetarily all sources that brought them business.

Edited: 06/26/2010 at 10:21AM


Chris Speights

Real Estate Investor


Forum_avatar_avatar-cdspeights

Icon_minipost Nov 03 '09, 02:05 AM

I'm with Jawsette...if nothing else, some form of a finder's fee, just for good faith. I think the value of the referral could be more significant than the profit, but the owner should throw you some form of a bone...

Edited: 06/26/2010 at 10:22AM


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