Updated over 7 years ago on . Most recent reply
Buyer Wants to Talk with Seller...What Do I Do?
I have an investor that is very interested in a mixed use building that my friend owns. The investor wants to speak with the owner to "get more details". I want to make this is great deal for everyone, but am concerned my friend (the owner) will want to do the deal directly with the buyer, find out the desired sale price, etc. Do I just get the property under contract first, then find an investor? I do not want to ruin my reputation (esp. my friend who is very skeptical of my REI endeavors) and have to back out of the contract.
Your feedback would be great.
Most Popular Reply
Unless you position yourself to be the seller then prepare to get squeezed out of this and other deals like it. Might be better to focus on deals that don't involve friends... or get licensed and represent them.
- Tom Gimer
