Posted by Darren on April 24, 2006 at 09:23:28:
Well, without the advice of anyone here, I went ahead and negotiated my deal.
Seeing as how I have such vast knowledge of how to find and lock up properties , I have worked out an upfront take on the profit (the flip fee)to the tune of $3k a piece! Any purchase, every purchase of a property that goes through, where my name is attached to the find I get paid that finder’s fee.
Secondly, since the flip fee can be so different on each deal (sometimes high, sometimes low) I worked out a back-end profit sharing deal. I’ll be pulling 10% off of each home sold by the company.
Man, I’m thrilled! This provides me the opportunity to make money, save money and learn the rehab piece all in one shot. It should be good.
Anyone have any tips or think I settled too skinny?