So I've recently hooked up with an old friend who now has his own investment company. He is the mandate, it's not a daisy chain. He works with a major lender as well. He's in another state but we are planning on working together to find deals. Now I'm pretty new to this and while he is considered a good guy, my due diligence instinct has me making sure I know basic things like, what's customary/common in regards to payment/"finder fees" and what side usually pays. Is it like usual where the selling side pays and it's possibly split, or otherwise? Also what are some common commissions/payments that you've experienced or seen? I will be researching but figured I would ask here first. Thanks for any replies and any sources for information, etc.
Edited by Merkaba (05/17/12 09:32 PM)
Realtor Extraordinaire, ABR, E-Pro
Bulk REO Investments
Keller Williams Realty