How Can I Secure My Profit?
Afternoon to All,
I am not too sure if I placed this post on the correct section.
I have a potential deal on the works and was wondering if I could get some assistance. I have an investment group interested in purchasing a SFR w/ market value of over $1.1M. I have a motivated seller (Investor/Broker selling an REO). The pickle is If I can present this lead to the Investment Group how can I make sure I get my piece of the pie.
I have come up w/ some possible options:
1) Option the property from the bank (probably very difficult to do) but if I can get an Option how can I secure myself from the Investment Group or the Bank going around me? Can I cloud an option?
2) Work out an agreement w/ the Investment Group to get paid a BirdDogging Fee. If this can be worked out what are the chances that the Investment Group goes around me and purchases the property w/ another registered name?
Any feedback would be greatly appreciated. Thanks in advanced.
Eddie
General,
All Good Questions. The property has been on the market for over 12 months and I just started doing this REI thing. This investor group contacted me after some marketing I did.
Yes you are correct the dool was not very good and never got done. The numbers were just not right. I do appreciate the input, though. Thanks