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Updated over 4 years ago on . Most recent reply

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78
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Kenny M. Lewis
  • Hamilton, NJ
15
Votes |
78
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What's the right fee to charge to find deals for other investors?

Kenny M. Lewis
  • Hamilton, NJ
Posted

Feels great that my research is needed in this market. I have a banker that represents two hedge funds. They are seeking to buy multifamily properties in opportunity zones. I not sure how much to charge as a finders fee and how to draft a contract requesting this?

Most Popular Reply

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766
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388
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Vaughn Smith
  • Real Estate Consultant
  • New Jersey
388
Votes |
766
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Vaughn Smith
  • Real Estate Consultant
  • New Jersey
Replied

@Kenny M. Lewis The best advice you can get is to find the deals first. If you find TRUE deals in this (or any) market and you're direct with the seller on the deal people will beat a path to your door. It's hard to charge a flat fee because all deals have different amounts of profit, as a wholesaler you want to get paid, but you'll do that by having the best deals so you can't mark a property up too much

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