How to collect a spread on a wrap mortgage as a 3rd party?

Question

Hi,

Let's say I bring a buyer & seller together using a wrap mortgage. If the buyer signs for the obligation directly, is there any way for me to collect an interest rate spread? If not, how else could I create a spread for myself without guaranteeing any debt?

Curt Davis · Answer

Because he has no true interest in the property and he is not a licensed agent.

You might consider doing a Lease Purchase Wrap.

You sign a contract to purchase and they get your buyers to sign a contract to purchase from you. Get a closing attorney who can make it happen. You will actually own the home for a brief moment but this will allow you to legally make this transaction happen.

Aaron Junck · Answer

Why couldn't you just charge a finders fee?

How to collect a spread on a wrap mortgage as a 3rd party?

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