Contact with big investor

[Robert Deeb]

Hello guys I recently found a broker who has a big investor behind them and they would like me to find them Distressed properties where they can rehab and sell or rent out these  properties. I'm in the San Diego area.

I don't get a thing as far as payment from the buyers side . They want me to setup a commission with the sellers side .

My question is what should be my take ? And I would like to get commission on future deals between the 2 parties .

What percentage is fair for me to ask gem the sellers side .

What they want are distressed properties which they could buy that make sense to buy .

If anyone here has a good sized amount of these types of properties maybe we can do business .

But naturally I would like to know what is fair as far as my end . Keyword is fair .

Thanks guys :)

[Garrick Oconnell]

Robert it is illegal to take a commission from a real estate transaction without a license. 

An option is to charge a fee for an assignable contract. The easiest way to charge that fee is to find properties that your buyer would be interested in and put them under contract then sell that assignment. 

There is more to it than just assigning the contract depending on your relationship with the buyer but you can find infinite threads about that if you look here on BP. 

One can determine fair based on the market if 3% cap rate is the average in San Diego bringing a 6-10% cap rate deal to an investor would be very valuable. So anywhere $2500 to $25,000 can be fair depending on the return, market, overhead.