Updated about 6 years ago on . Most recent reply
Joint Venture With other Wholesaler
Hi everyone.
I’ve got a question and would love if anyone might be able to help me out with a question I’ve stumbled upon in the middle of potentially working with another wholesaler. They’ve got the property under contract and I’ve got the buyer. I was hoping to have them keep the contract and add an addendum I can have made up stating that I am being added as a buyer under the subject terms and property. When it closes we would split the profit 50/50.
They’re wanting to list me on the PSA for a marketing service fee. I would offer net of my service fee.. to be completely honest I have no idea what that even means or what that would look like for me financially and legally? I also am not a licensed agent so that might play a factor as well?
I was wondering if someone could tell me what their preference for the deal would look like for me, what my fee should/would be.. and all around if anyone can kind of explain what it is they’re asking for..
Sorry in advance! Still a newbie out here 🤦♀️