I'm a new investor and have never done an assignment deal. One of the first investors/buyers that I contacted is interested in commercial properties. I pretty much understand how a residential assignment works, I also know little bit about Cap rate, NOI, Operating costs,etc. What I need to know is how to structure a deal. Who should I contact first after I find a property the seller or my buyer? How should I work out my compensation (what %,etc.)? If possible can someone please give me some info on how I should start this process. Thanks.
I'm a new investor and have never done an assignment deal. One of the first investors/buyers that I contacted is interested in commercial properties. I pretty much understand how a residential assignment works, I also know little bit about Cap rate, NOI, Operating costs,etc. What I need to know is how to structure a deal. Who should I contact first after I find a property the seller or my buyer? How should I work out my compensation (what %,etc.)? If possible can someone please give me some info on how I should start this process. Thanks.