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Updated almost 9 years ago on . Most recent reply
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How To Structure Deals with Your Brokerage
I'm wondering how fellow realtors run their flips through their brokerage. I'm working on my first flip, dealing with an individual who doesn't have an agent, and it seems to me that I would obviously not want to take a commission on the buy as that will help incentivize the seller. But this has made me wonder...do you pay your brokerage your split based on what your commission would be on every deal...both buy and sell? That would really cut into profits, especially here in L.A. where home prices are quite high. Does anyone have a special deal with their broker for their flips?