tag:blogger.com,1999:blog-9915651.post112119296508675835..comments2023-05-13T04:27:14.840-04:00Comments on Abundant Success!: NJ Deal - Sunnyside Terrace Short SaleDWhttp://www.blogger.com/profile/15239070439537544985noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-9915651.post-1121349507037189552005-07-14T09:58:00.000-04:002005-07-14T09:58:00.000-04:00Hello,Thanks for your msg. It would really help if...Hello,<BR/><BR/>Thanks for your msg. It would really help if you leave your email or something for me to reply back to it directly if it is sensitive information.<BR/><BR/>The deal was that whatever the net profit it would be split for the following ways:<BR/><BR/>Negotiator - 50%<BR/>My Friend who brought the deal - 25%<BR/>Me who connected them both and working to learn - 25%<BR/><BR/>My friend who is a loan officer agreed as we both understood we wanted to learn short sales and see one actually go through. I am a person who likes to have a mentor but there are very few people who are willing to mentor people without any financial compensation. This is due to the fact that the best in the field value their time very much. They can either make more money or train someone else who may become competition.<BR/><BR/>The net flip value? Are you asking what we made from the deal?<BR/><BR/>In this deal the buyer who is the negotiator will have this deal at about 79% ARV and under depending on how he rehabs it and the market fluctations. It is a good house close to a bad neighborhood. I do not disclose absolute #s there is no permission from my JV partners to release that information. Suffice to say I made less than 1% of the price of the property that we bought it from the bank. Also the knowledge gained is more than worth it.Abundance & Successhttps://www.blogger.com/profile/17896982347884589054noreply@blogger.comtag:blogger.com,1999:blog-9915651.post-1121305347144569252005-07-13T21:42:00.000-04:002005-07-13T21:42:00.000-04:00Hi,Great report! Just a quick question can you cl...Hi,<BR/><BR/>Great report! Just a quick question can you clarify the paragraph "My friend and I agreed to take 25% of the finder's fee. It was flipped to our short sale teacher to rehab and rent or live in. He was going to be paid 50% net of flip value."<BR/><BR/>Was the "he" who was getting paid your friend? What is the net flip value?<BR/><BR/>Thanks.Anonymousnoreply@blogger.com