Hello, I need help and suggestions please. Time is of essence!
I have a buyer who is looking to buy 12-20 rental properties in a certain area and have the funds to buy now. I found a seller on CL that is selling his rental portfolio of 14 properties rental in the same area my buyer is looking to buy. The Seller want to sell them in bulk or will list them individually. They also will not accept low ball offers and want an offer on the whole portfolio.
Banks will be involved with the funding.What would you do in this situation? Is there a possibility that I can get a finder's fee if I bring these two together and have the buyer work out the numbers with the seller? If a finder's fee is the best option here, how would you structure this to work? Please help. Thank you!
You will most likely have to set up a contract with the seller to buy the properties at one price and then sell them to the investor at another price. I would probably consult with a title company about a double closing. This is where you do a simultaneous closing at the title company. This situation can be a little tricky, but you can figure it out. Keep in mind that many deals will come along your way if this one does not happen. Also learn everything you can from this experience and use it in your future deals. I wish you the best.
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