All Forum Posts by: Colbert Saint-Laurent

I have a few deal that I want to wholesale on and charge a finders fee. How do I ensure that I get paid and not get cut out of a deal??

i agree it is definitely a negative connotation!

I have a Quadruplex (4units, 6bed, 4bath) in Bedford-Stuyvesant , Brooklyn for $500k. Great income property to rent $1,500 a month. Building is worth at least $800k. The property is 3,871 sq feet. comps:
Recently sold:

price date sq. ft
$802,654 05/02/11 – 3,800
$689,000 04/18/11 – 3,800
$900,000 05/03/11 – 3,780
$692,000 04/15/11 – 3,152
$775,000 04/28/11 – 3,628

What is a good wholesaling fee?

I am in the process of buying my first Short sale in Fort Greene , Brooklyn. We are in the final stages but that came to a stop because the we person we are purchasing the property from does not have the deed in their name so obviously its a "A to B, B to C". which is fine we are still getting the property for 600k and the comps on the block are selling for the minimum of 1.2! Our only concern is if we write a check to them and they don't pay off the bank and run off then I loose all my $. What would you do?!