Wholesaling v "Finders Fee"

[Michael Asfour]

Hello BP Community!

Mike 28, I'm a GC, flipper and own a college rental in the state of NY. Looking to get into some transactions deals in this new year. I am looking to start a lead generation type advertising campaign for distressed property and land. My question does anyone have experience with finding deals and handing them off for a fee v the traditional wholesale process. Is that even legal? 

Would love to hear how people structure deals and or partnerships in this type of situation. Thank you!

[Suzanne Player]

As always, the devil is in the details.  You are selling a qualified lead or an assignable contract with the property owner?  If you'd like to explore options with other investors you are welcome to join us at our meetings any time (we happen to be meeting tmrw, see link below)

I post our meetups on Bigger Pockets Events & Happenings Forum, use drop down menu & choose Long Island location