Woodland Hills, CA · Member since 2014 · 5 posts · 0 votes
I am working with some investors and I have a buyer who is looking at a potential commercial discounted property in the range of 23M
I would like to have something in place with the buyer/investor before I establish the opportunity on this transaction. If I can get some help in structuring a deal so that the seller (who is a trader getting some amount of control over the asset from the bank, at the moment) doesn't circumvent me in order to be able to offer this distressed property.
Investor, Entrepreneur, Educator · Springfield, MO · Member since 2009 · 21k+ posts · 12k+ votes
12y
If you aren't a broker, you're elephant hunting and since you're asking here, you're hunting with a BB gun. If you're lucky they will give you some scraps for your time, you aren't going to lock up any 20+M dollar transaction under any agreement unless you have a license, IMO. Seen this many times, what you earn is based on your expertise and how much you facilitate the deal, and you'll need to justify any fee. You might have a personal relationship with your buyer, they might protect you, but in that kind of game you can get your clock cleaned. I suspect there won't just be an attorney involved, there will be several attorneys.
Everyone needs an elephant hunting trip to learn, I suspect it will be a learning experience, good luck. Oh, BTW, a broker might take a half point to one point, certainly not 3 or 6 or 10%. (That's 113K to 230K) Expect it to take 6 months to a year depending on what it is.