Handling First Property
I have a come across an expensive commercial property. It is on a listing and I have found someone who is buying it. The buyer has secured 70% of the sellers asking price, 30% is needed to complete the sale. The problem is I have been appointed to seek out investors who are interested in this partnership. My question is when I find these investors, which I may have now, How do I get paid and not get shalfted? Finders fee. Any advice will be appreciated. Puzzled 
[ Edited by mygoal on Date 08/08/2003 ]
get it in writing, be up front with whomever you are approaching.
Tell the buyer that they must authorize you to put a lien on the commercial property for the amount of services rendered.
Your lien will be paid off at the closing.
Hope This Helps!
Mrs. Meltzer
Be very, very careful! You may run afoul of securities laws if you bring a whole bunch of investors together. This is serious jail time. Better to have each person have their own company and then then company can be the investor (I think) It's a dangerous thing. Just like if I'm putting a hard money deal together. I always do a first mortgage for the main investor, a second mortgage for the next one, etc...no one is in bed together. Get some good legal advice first.
[addsig]