Referral fees for passing on deals?Make Text Bigger
I keep spotting potential deals that I don’t want to take on myself (various reasons such as out-of-patch, already committed, slowing down etc), and would love to package them up and pass them on to investors, for a referral fee each time. This would build my own cash pot for deals that do tick all my boxes.
Two main questions:
1. How would we set fees, basically for finding the deal, researching it and doing some basic numbers for due diligence. Should the fee be a percentage of the PP, or GDV, or the uplift, or some combination?
2. It’s all a bit of horse-trading, but what percentages are common these days (Home Counties)? 2%? 3%? 5%? ??
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