OfflineSuppose you have found a rental property discounted and in an appreciating area with 15-30% interest a year from positive cash flow alone, on a $30,000 initial investment for a down payment(HOA fees included), but you don't have any money yourself.
Is there any way to write a contract that stated something like:
Upon finder showing investor property, and investor making purchase, finder gains either:
1)$5,000
2) One year's rental income (positive cash flow)
3) 30% total income on property until property sells(positive cash flow and profit from sales).
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I don't know what the particular laws are regarding a "finder" in your state, but in California a finder is restricted to the introduction of the principals to each other and may not participate in any negotiations. That being said, you are free to set your fee at whatever you like, but if you start tying your fee to certain conditions, it may be construed as a negotiation. Laws may vary in your state. Just my opinion and I may be wrong.