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I have an investor who wants to check out a large commercial deal I gave him an idea on, but the investor is a licensed broker, and I am a licensed agent!

Since the property is listed, how do I go about making money on the deal?
Do I bind up the deal by getting an offer accepted, and sell the contract to them?
or how else can I make money here?

The investor wanted me to find this deal, and would be willing to be partners with me, but I don't want to manage the units, I would rather make the money by flipping the contract or getting consultant fees.......the more I think about this the more confused I get!!!

Help!

Trickle down economics anyone??? We need tenants, maintenence crews, and someone to be there at 9pm when I go to the grocery store! In return....I buy cars, homes, gifts, clothes.......we all keep each others tenants employed! I wouldn't have it any other way!
:wink:

I am looking to take my portfolio and real estate ventures to the next level. So the following is how I intend on doing just that, let me know what you think....(this is a very bare bones description so I don't post a novel)

I want to attract 3-5 additional investors/possible partners.
The market= southern NH, mostly Manchester NH
The type of RE= commercial; multi-fam, mixed-use, and office space.
The type of investor/partner= someone with similar investment and management philosophy, 50k-500k to invest, and looking for something less hands-on, and low on the risk side.

The 3 ways would be;
Invest by way of a note, limitied partnership, or general partnership. (I have a more detailed description in WORD format) This will be a start until I get some feedback from the big shots who have been here done this!!! :D

And thank you all for the warm welcome!
:beer:

Wesley,

The investors/partners would be for RE ventures. I have managed to attract a couple serious investors in my local market, and would be looking to take on a handfull more. I will be posting a subject in the "starting out" section asking for constructive criticism and thoughts from others who have raised capital, and found partners (or for that matter invested or became involved as partners) to further their RE portfolios.

This seems to be a great place to share ideas and information, including finding hard money, right? :wink: I hope all is well on your end!

-Eric

Wesley,
I'm gonna go ahead and state the obvious......you were right! And I thought the same thing when I was reading down the page, and agreed with your post before scrolling down to read the rest.......I am not trying to put you down urcinus, it just reminded me of previous experiences in my life as well as a few other people I know.

In residential properties, investment and personal residence, most lenders will allow up to 3% of the sales price to be contributed towards closing and pre-paid expenses by the seller. there are some with higher amounts, some with none, and if you get into commercial it's a whole other ball-game! Just know that almost anything is possible in RE, just look for the deal, and then work out the details!

I am with Romi on this one, if you are starting out with flipping it will take more than a book to enable you to profit in any market condition. So if you want to get into flipping, don't base your plans on what you see on the TV shows and books out there!

Well put, I am a newbie here, and still pretty much a rookie in real life, and agree with everything you stated. That is how I acheived what I have so far, by action....not paralysis by analysis!

As a matter of fact with the most recent fixed 30 year rates, in my area that $900/mo cash flow would only justify about 85-95k depending on the details of the property, that being top dollar I would pay.

Unless you think you can flip it, and can handle the risk of not being able to flip it, thne the cash flow obviously wouldn't as much of a role other than to "carry" you to the flip sale or 1031x.

:groovy: