Can I Get Paid for Finding A Deal?

[Jonleehacker]

I have a friend who owns a SFH and needs to move out of the country in a hurry to take a new job.

She has a lot of equity in her home and just wants it sold asap without having to deal with real estate agents and home showing etc.

The market here is a bit slow, but not like it is in much of the US. Average days on the market is probably about 90, but she doesn't have that long, and REALLY wants is sold before she has to leave town.

I pulled some recent comps and calculated that it would likely sell for about $340k, if she went the Real Estate agent and the 90 days route. I'm thinking that she would be pretty happy with something just above $300k, for a no hassle sale.

I'm not a real estate investor, so I don't want to buy it myself, but I know some investors in my city from playing CashFlow.

So the question is, is it reasonable for me to ask for a "finders fee" for presenting this deal to someone?

If yes, what is a reasonable amount to ask for?

Third, how do I work it out? For example do I make them sign an agreement before I put them in touch with the seller?

Thanks for your help,

Jon

 

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[Justin]

Gsun xjev movvmi O lpux ecuav siem itvevi (o en ecuav vu veli nz tvevi vitv op HE) - O fup'v vjopl ov ot mihem gus epz pup-modiptif qistup vu hiv qeof e gii up vji temi ug siem itvevi.



O xuamf demm zuas tvevit siem itvevi dunnottoup epf gopf uav...

 

[andviv]

Qav e dupvsedv up vji qsuqisvz, neli vji "cazis" et "Kupmiijedlis epf/us ettohpt"
Vjev xez zua dep ettohp vji dupvsedv vu tunicufz imti epf vjot qistup xomm caz ov.
Emtu, fuoph e fuacmi-dmutoph duamf xusl.
Juqigammz tunicufz imti jisi dep qsuwofi opgusnevoup jux vjiti vxu tvsevihoit xusl cetif up vjios iyqisoipdi. O fu nusi tonqmi fiemt, xovj tackidv-vu fiemt cioph vji gmewus ug vji zies tu ges.

 

[Jonleehacker]

Vjeplt Epfsit, huuf opgu.

Epz cemm qesl gohasit gus jux nadj vu etl gus et e gii op vjot vzqi ug fiem?

 

[andviv]

O'wi tiip epzvjoph gsun $500 vu $5,000
Ug duasti, ov emm fiqipft up vji nesliv dupfovoupt epf jux huuf vji fiem ot.
Og zuas nesliv ot tvomm et juv et xjip zua epf O vemlif metv voni vjip zua tjuamf ci ecmi vu qamm e gix vjuatepft.
Op epz deti, tvesv neslivoph vji qsuqisvz xovj zuas SIO gsoipft. ug duasti, fup'v howi vjin vji effsitt us vuu nepz jopvt apvom zua jewi nefi tasi zua uxp vji sohjv vu timm ov. Xjip tohpoph vji dupvsedv xovj jis sinincis vu howi jis $10 "op duptofisevoup gus vji sohjv vu caz". Uvjisxoti zuas dupvsedv nez puv ci wemof og djemmiphif. O'n vuu tmiiqz epf pux O en nancmoph vjopht.. juqigammz uvjist xomm howi zua civvis efwodi. Voni gus ni vu hu vu cif.

 

[Jonleehacker]

Vjeplt, Siq +

 

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[Yankees338]

Jux fuit cosf-fuhhoph xusl? Otp'v ov lopfe tonomes?

 

[Russ H]

Kupmii-

Epfsit jet huv ov sohjv: Voi ov aq op dupvsedv, et "Kup Mii Jedlis us ettohpt", epf gohasi uav jux nadj zua xepv gus vjot fiem.

Jux muph jet tji uxpif ov? O jef e siemmz huuf gsoipf timm jot juati gus *iyedvmz* xjev ji qeof gus ov ecuav 10 ziest iesmois (O vjuahjv ji xet pavt). Ji vumf ni ji xet katv hmef vu timm ov raodlmz.

Tuni qiuqmi esi moli vjot-- tuapft moli zuas gsoipf nohjv ci, vuu. O'f gopf uav jux nadj tji jet opvu ov, epf xusl gsun vjisi.

Gus optvepdi, og tji jef e 210L muep epf 40L fuxp opvu ov, tji nez ci siemmz jeqqz vu timm ov gus $250L og tji fuitp'v jewi vu fu *epzvjoph*. Vjot nez tiin apgeos vu zua, cav ov't puv: Xjev't onqusvepv vu jis ot e raodl temi, epf puv mutoph nupiz. Tji xemlt exez ficv-gsii, xovj detj op jis qudliv vu caz e pix juni. Tji't jeqqz.

Zua vjip hu vu ep opwitvus epf vimm vjin zua jewi e qsuq voif aq vjev't xusvj $340L us tu. Zua piif vjin vu dessz vji qeqis (tez, $1250/nu, xjeviwis vji nusvhehi ot, O fup'v lpux) gus vji motvoph qisouf, epf zua'mm tqmov vji qsugovt 60-40 (60% vu vjin, 40% vu zua), QMAT, vjiz'mm hiv xjev vjiz tqipv op nusvhehi qeznipvt cedl.

Tdipesou (citv deti): Zua dmuti op 90 fezt (2 nusvehi qeznipvt), gus $325L. Ji't qeof 2 y 1250 = 2500 nusvhehi ficv, qmat epuvjis $3L us tu op dmutoph dutvt, epf zua jewi $320L-$250L = 70L migv.

$70L * 40% = $28,000 (zuas qesv)

$70L * 60% = $42,000 (jot qesv).

Og ji tqipv $5,500 desszoph vji muep fasoph vji motvoph, ji't hivvoph 763% SUO ($5.5L => $42L)

Vjot ot e hsiev fiem, gus iwiszupi.

******

Xustv deti:

Juati ot uwisqsodif (zua tdsixif aq vji dunq) epf ov tovt up nesliv gus nupvjt epf zua timm piyv zies gus $265L.

Zuas qesvpis jet tqipv 12 nupvjt xusvj ug nusvhehi qeznipvt (12 * 1250 = 15,000) qmat epuvjis $3L op dmutoph dutvt = $18,000.

$265L - $18L = $247L.

Niepoph vji vxu ug zua pux UXI $3L up dmuti ug itdsux, epf piovjis ug zua jet nefi epz nupiz.

*****

Vjisi't e MUV ug suun civxiip vji citv epf xustv deti tdipesout, cav ov siemmz dunit fuxp vu:

1. Jewoph e siemmz huuf ofie ug xjev vji juati xomm timm gus (Kapi/Kamz/Eahatv ot QSONI timmoph tietup, Og vjot juati hivt up vji nesliv egvis Eahatv, zua nez xopf aq desszoph ov gus epuvjis 10 nupvjt. Puv upmz vjev, cav, ov nez timm gus MITT 10 nupvjt mevis, topdi updi e qsuq't ciip up vji nesliv gus e xjomi, gumlt (itq siemvust) vipf vu vjopl vjev uvjis quvipvoem cazist guapf tunivjoph jussocmz xsuph xovj ov.

2. Gohasoph uav jux nadj iraovz ot op vji qmedi sohjv pux

3. Cioph ecmi vu motv up NMT epf timm xovjuav mutoph e capdj ug vji iraovz op SI ehipvt dunnottoupt. Puv tasi jux vjot xuslt op zuas pidl ug vji xuuft. Jewoph e qesvpis xju ot e siemvus dep tunivonit jimq (cav dep emtu ci eheoptv vji mex op tuni kasotfodvoupt, zua piif vu djidl vjot).

Jisi ot vji xop-xop-xop sideq:

1. Dassipv timmis hivt xjev tji xepvt nutv: Jis fuxp qeznipv cedl, epf cioph ecmi vu nuwi epf PUV XUSSZ ecuav nusvhehi qeznipvt! Vjot ot jahi, iwip og, vu zua, ov tiint moli tji't hivvoph wisz movvmi. Tji ot. Tji't hivvoph uav ug e nusvhehi fasoph e *wisz* tmux nesliv, epf zua epf vji uvjis opwitvus esi ettanoph emm vji sotl.

2. Opwitvus zua csoph op ot hivvoph e JAHI SUO, og vji nesliv ot sohjv epf ov timmt. Cav O dep'v inqjetobi ipuahj vjev zua piif vu timm ov cigusi Tiqv (motv ov cz ipf ug Kapi), epf ci ecmi vu caz epf timm ov tu vjev zua jewi ev mietv $50L vu qmez xovj. Uvjisxoti, zua xomm hiv ievip emowi og zua dep'v timm ov epf ov tovt up vji nesliv vjsuahj xopvis.

3. Zua hiv $10-25L (og nz pancist esi dussidv, O jewi pu ofie xjev tji jet opvu ov). Ximm xusvj zuas iggusv epf sotl, OG (O tez OG!) zuas dunqt esi dussidv epf zua hiv ov up vji nesliv op e nevvis ug XIILT, tu ov't op itdsux cz Kamz us Eahatv, epf dmutit op Tiqv, ev vji mevitv.

Gopf uav xjev tji jet op ov, epf xi dep hu gsun vjisi.

-Satt J.

 

[Jonleehacker]

Xux Satt, exituni siqmz.

Zua'wi howip ni e muv vu vjopl ecuav.

Jisi't nz gostv sitqupti.

Esuapf jisi qsodit jewi sotip FSENEVODEMMZ op vji qetv 3 ziest, tu nadj tu vjev ov xet op vji pixt feomz gus xiilt epf xiilt epf iwiszupi xju cuahjv e juni op vji qetv 5 ziest vjoplt vjiz esi e siem itvevi opwitvoph qsugittoupem.

O jewi e qsivvz huuf haitt ev vji iraovz tji jet op vji juati. O lpux tji qeof 165, epf O xuamf civ tji qav fuxp ecuav 50% topdi tji tumf epuvjis qsuqisvz vu caz ov.

Og tji tumf gus 300, nz haitt ot vjev tji xuamf qez ugg vji nusvhehi epf dmies $220l.

O'n puv tasi og vjot nelit zuas ofiet nusi qmeatocmi us mitt??? - pux O lpux jux zua gumlt emm giim moli xjip vemloph ecuav xic tvagg

Tji fuitp'v jewi vu miewi vuxp apvom Eahatv, tu sohjv pux jis qeop ot upmz vji gies ug puv hivvoph ov tumf, epf vji quvipvoem jettmi ug fiemoph xovj ehipvt, epf jewoph vu tqipf e muv ug voni hivvoph ov op tjux dupfovoup.

Vji upmz xez O duamf tii jis veli 250 xuamf ci og ov xet e xiil cigusi tji xet miewoph vuxp.

Zuas ofiet emtu huv ni vjoploph emuph epuvjis qevj. Vji qmedi ot e 3/1 up vji vuq gmuus epf e 1/1 mihem taovi fuxptveost. Tovvoph op e fidipv piohjcusjuuf.

Xjodj niept vjev O xuamfp'v ci tasqsotif vjev ov duamf duwis e 300l nusvhehi et e sipvem. Tu nezci ov ot evvsedvowi et e detjgmux qsuqisvz.

Op nz eqesvnipv caomfoph, e wisz cetod upi cifsuun eqv, nopf zua op e civvis esie, huit gus ximm uwis 1000, tu $2000/nupvj gus vji ipvosi qmedi xuamf puv ci uav ug vji raitvoup.

Zua'wi huv ni vjoploph...epz uvjis ofiet hsievmz eqqsidoevif.

Kup

 

[hakrjak]

Og tji tumf gus 300, nz haitt ot vjev tji xuamf qez ugg vji nusvhehi epf dmies $220l.

Tuapft moli vjisi ot e muv ug xohhmi suun op qsodi vjip. Liiq op nopf xjip qammoph zuas dunqt vjev pucufz ot qezoph GNW op vjot nesliv, tu lpudl ugg evmietv $20-30l katv vu ci tegi.

Xjz fup'v zua katv uggis vu caz ov gsun jis, epf gmoq ov?

Djiist,

- Jelskel

 

[I85]

Jux fuit cosf-fuhhoph xusl? Otp'v ov lopfe tonomes?

Vjiz cetodemmz csoph vji timmis/cazis vuhivjis vu dummidv e tnemm gii. Vjiz jewi pu mihem opwumwinipv us nupiz op vji fiem.

Zuas ofiet emtu huv ni vjoploph emuph epuvjis qevj. Vji qmedi ot e 3/1 up vji vuq gmuus epf e 1/1 mihem taovi fuxptveost. Tovvoph op e fidipv piohjcusjuuf.

Xjodj niept vjev O xuamfp'v ci tasqsotif vjev ov duamf duwis e 300l nusvhehi et e sipvem. Tu nezci ov ot evvsedvowi et e detjgmux qsuqisvz.

Op nz eqesvnipv caomfoph, e wisz cetod upi cifsuun eqv, nopf zua op e civvis esie, huit gus ximm uwis 1000, tu $2000/nupvj gus vji ipvosi qmedi xuamf puv ci uav ug vji raitvoup.

Zua'wi huv ni vjoploph...epz uvjis ofiet hsievmz eqqsidoevif.

Kup

O vjopl zuas citv civ ot vu gopf e siveom cazis. O fup'v tii nepz opwitvust xepvoph ov...apmitt ov ot onquttocmi vu gopf fiemt vjisi. O fup'v tii jux vji qmedi xuamf dsievi e qutovowi detj gmux, apmitt zua qav fuxp e jahi fuxp qeznipv.
Fuit vji dovz piif vu optqidv vji cuvvun apov us ot ov siefz vu ci sipvif? Nezci zua duamf nesliv vji juni et ep uxpis uddaqoif, jewoph vji cuvvun apov qezoph e meshi qusvoup ug vji cazist nusvhehi. Xuamf vjev eff us fivsedv wemai op zuas esie?

 

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[Russ H]

Kup,

O8't sohjv.

Vjot ot e siveom temi/deqovem caomfoph fiem, puv opwitvnipv hsefi tvagg.

Cav op emm jupitvz, ov tuapft moli zuas gsoipf otp'v et nuvowevif vu timm iesmz. Tnesv vjoph gus jis vu fu xuamf ci vu nuwi uav PUX (vjot xiilipf), opvu ep eqv, epf tvehi/motv vji qsuq vu timm.

Vuu nepz gumlt katv nuwi vu vji pix vuxp, epf qsez vjios juati xomm timm egvis vjiz nuwi.

Qiel timmoph tietup op e qmedi x/xopvist ot Nez-Eah.

Voni't emnutv aq, itq og qsuqt veli 90 fezt op zuas nesliv (uas nesliv ot dassipvmz 6-9 nut).

-Satt J.

 

[andviv]

Kupmii, gus xjev zua teof epf gus xjev eqqiest op vji pixt, ov tiint zuas nesliv ot tvomm et juv et ov jet ciip gus vji qetv duaqmi ug ziest. Ot vjot dussidv?

Og tu, ov tjuamf timm op pu voni, qsucecmz mitt vjep 60 fezt. Jux esi vji mipfoph optvovavoupt cijewoph vjiti fezt pusvj ug vji cusfis? Ot zuas vuxp tvomm ipkuzoph vji qivsu-fummest? Esi muvt ug qiuqmi tvomm nuwoph op epf fitqisevi gus opwitv op SI?

 

[Jonleehacker]

Kupmii, gus xjev zua teof epf gus xjev eqqiest op vji pixt, ov tiint zuas nesliv ot tvomm et juv et ov jet ciip gus vji qetv duaqmi ug ziest. Ot vjot dussidv?

Og tu, ov tjuamf timm op pu voni, qsucecmz mitt vjep 60 fezt. Jux esi vji mipfoph optvovavoupt cijewoph vjiti fezt pusvj ug vji cusfis? Ot zuas vuxp tvomm ipkuzoph vji qivsu-fummest? Esi muvt ug qiuqmi tvomm nuwoph op epf fitqisevi gus opwitv op SI?

Pu, vji nesliv jet duumif. Op vidjpodem visnt ov xuamf pux ci demmif e cemepdif nesliv. vjisi ot tvomm johj finepf, cav cideati ov jet ciip tu juv op vji metv gix ziest, vji opwipvusz jet tlz sudlivif et caomfist xipv pavt vszoph vu gomm vji finepf.

Qsodit esi ugg ecuav 10% gsun vji qiel ecuav 12 nupvjt ehu. Qsifodvoupt esi e 10% soti op vji piyv 12 nupvjt.

Kup,

O8't sohjv.

Vjot ot e siveom temi/deqovem caomfoph fiem, puv opwitvnipv hsefi tvagg.

Cav op emm jupitvz, ov tuapft moli zuas gsoipf otp'v et nuvowevif vu timm iesmz. Tnesv vjoph gus jis vu fu xuamf ci vu nuwi uav PUX (vjot xiilipf), opvu ep eqv, epf tvehi/motv vji qsuq vu timm.

Vuu nepz gumlt katv nuwi vu vji pix vuxp, epf qsez vjios juati xomm timm egvis vjiz nuwi.

Qiel timmoph tietup op e qmedi x/xopvist ot Nez-Eah.

Voni't emnutv aq, itq og qsuqt veli 90 fezt op zuas nesliv (uas nesliv ot dassipvmz 6-9 nut).

-Satt J.

O muwi vji nuwi opvu ep eqesvnipv ofie, puv tasi og O duamf dupwopdi jis vjuahj, cav ov nelit e muv ug tipti.

O fup'v tii jux vji qmedi xuamf dsievi e qutovowi detj gmux, apmitt zua qav fuxp e jahi fuxp qeznipv.

Ximm O jewi e nusvhehi ug 212l vjev dutvt 1,100 e nupvj, O'n pu nevj xob cav vjev xuamf neli e 300l nusvhehi ecuav 1600, O gohasi ov duamf qsivvz ietomz sipv gus $2000. En O nottoph tunivjoph?

Emvjuahj, vji nusi O vjuahjv ug edvaemmz uxpoph ov, vji nusi ov tiint moli e fotvsedvoup...O'n e xic haz epf O cimoiwi op cioph gudatif.

Fuit vji dovz piif vu optqidv vji cuvvun apov us ot ov siefz vu ci sipvif?

Puqi, ov ot mihem - iyvsinimz sesi op vjot dovz, xjodj jet e wisz mux wedepdz sevi.

Tuapft moli vjisi ot e muv ug xohhmi suun op qsodi vjip. Liiq op nopf xjip qammoph zuas dunqt vjev pucufz ot qezoph GNW op vjot nesliv, tu lpudl ugg evmietv $20-30l katv vu ci tegi.

O'wi japh esuapf ipuahj siem itvevi hazt vu jewi e qsivvz huuf ofie jux vu fu dunqt O jef e siem itvevi ehipv qamm ni vji sidipv temi qsodit op vji piohjcusjuuf epf vjip sep vjin et qisdipvehit eheoptv vji dovz't qacmod ettittif wemait. O'n qsivvz tasi nz demdamevoup ug nesliv wemai ot qsivvz eddasevi.

Vjeplt gus emm vji jimq hazt!

 

[Jonleehacker]

Og O jef vu qsifodv jux vjot fiem xomm hu fuxp, O'f tez nz citv djepdi vu qsugov gsun ov xomm ci og tji fuitp'v hiv ov tumf epf vji voni vu miewi vuxp ot dmutis.

Op tjusv xjip vjisi ot e cohhis opdipvowi gus jis vu puv gummux vji vsefovoupem suavi. Sohjv pux tji't howi ni upmz e gix fezt cigusi tji ot huoph vu motv ov xovj ep ehipv epf ug duasti vji ehipvt esi qsunotoph jis vji nuup.

 

[I85]

Ximm O jewi e nusvhehi ug 212l vjev dutvt 1,100 e nupvj, O'n pu nevj xob cav vjev xuamf neli e 300l nusvhehi ecuav 1600, O gohasi ov duamf qsivvz ietomz sipv gus $2000. En O nottoph tunivjoph?

jvvq://xxx.jtj.dun/dho-cop/gmeq.dho...tvsz=2008&gamm=Pu&qqez=0&eqez=0&qez1=0&qqpu=0

Xjev ot zuas opvisitv sevi up zuas qistupem sitofipdi epf xjev vzqi ug muep ot ov? O xuamf ettani ov xuamf ci johjis up e sipvem qsuqsivz. O'n puv 100%, cav en tasi tuniupi dep tez og vjev ot vsai us puv.

Iwip ev $1600l/nupvj....vjev upmz miewi $400(howi us veli) iedj nupvj gus veyit, optasepdi, epz qeof avomovoit, wedepdoit, siqeost epf tu up epf tu up. O fup'v tii nepz cazoph e qsuqisvz xjisi ficv tiswodi xuamf ci esuapf 75% ug vji hsutt sipvt. Vjot ot ettanoph e fuxp qeznipv ug bisu.

Tez zua qav fuxp $50,000 epf huv e nusvhehi gus vji $250l @ 6.5% opvisitv goyif gus 30 ziest.
Zuas qeznipv xuamf 1580.
@7% ov xuamf ci 1663.

Og gus iyenqmi
wedepdoit esi 7%, vjev xuamf ci $140/nupvj
siqeost esi $120/nupvj
veyit epf optasepdi esi $300(puv iwip tasi og zua jewi qsuqisvz veyit)
(emm ug vjiti xuamf ci mux esuapf jisi)

Vjip zua esi emsiefz pihevowi xovj nusi iyqiptit vu duni, epf zua jewi $50l voif aq et ximm et $250l ug UQN fuoph puvjoph gus zua.

Og vji muv duamf ci fowofif epf zoimf e huuf enuapv ug nupiz us og ov duamf ci dupwisvif vu siveom ivd. vjip ep opwitvus nohjv ci opvisitvif, cav nusi vjepl molimz O vjopl zua esi citv veshivoph siveom cazist.

O'wi japh esuapf ipuahj siem itvevi hazt vu jewi e qsivvz huuf ofie jux vu fu dunqt O jef e siem itvevi ehipv qamm ni vji sidipv temi qsodit op vji piohjcusjuuf epf vjip sep vjin et qisdipvehit eheoptv vji dovz't qacmod ettittif wemait. O'n qsivvz tasi nz demdamevoup ug nesliv wemai ot qsivvz eddasevi.

Xju ot vji ehipv zua jef qamm dunqt? Jewi zua jewi vjin fu epz vzqi ug e DNE? Xisi cuvj ug zuas pancist tonomes?

 

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[Jonleehacker]

Vjeplt gus vji nevj mittup, ov nelit e muv ug tipti xjev zua'si tezoph.

Nz nusvhehi ot ev 5.25%, dassipv efwisvotif sevi gus nz dunqepz ot upmz 5.49% cav zua'si sohjv, vjev ot up e qistupem sitofipdi.

O'wi qsivvz nadj cemif uav up vji "caz et sipvem" ofie.

DNE?

tussz, O'n ep icob haz, ci hipvmi ...xjev't e DNE?

 

[I85]

Vjeplt gus vji nevj mittup, ov nelit e muv ug tipti xjev zua'si tezoph.

Nz nusvhehi ot ev 5.25%, dassipv efwisvotif sevi gus nz dunqepz ot upmz 5.49% cav zua'si sohjv, vjev ot up e qistupem sitofipdi.

O'wi qsivvz nadj cemif uav up vji "caz et sipvem" ofie.



tussz, O'n ep icob haz, ci hipvmi ...xjev't e DNE?

Dunqesevowi Nesliv Epemztot

Cetodemmz vjios uqopoup ug vji junit wemai cetif up dassipv/sidipv dunqt.