All Forum Posts by: Kiel Cannon

I won't be taking a real estate commission, I will be paying 4% to the buyers agent on the B-C side. But on the A-B side, there will be no commission involved.

Would that make a difference?

Scott,
Thanks for your response.

So as long as I disclose everything...

I as an agent can list the property with the seller as a customer (disclosing I do not represent them).

My business LLC can be the buyer (As I will disclose I am purchasing to make a profit).

During the negotiations, I can find an end buyer (Disclosing the property will be agent owned)

I personally as the listing agent (customer) and the buying entity can negotiate my purchase price with the bank.

And then sell for a profit.

The problem that comes to mind, is that I am not finding the highest and best offer for the seller. Are you saying because I am disclosing everything, I am in the clear here?

I do intend to sell the property outright (shortsale if necessary) to a different end buyer if I am unable to negotiate a buying price that makes business sense for my company. In this case, my customer relationship would turn to a listing agent, and I would find them the highest and best. This of course is only if I can't buy low to sell high.

Using this model, I'm ok?

Hey guys and gals,
Im struggling here a bit. Ive been working for another company in my area for the past few years with the intent of branching off and opening my own company which i did a few months back.

I don't know if im paranoid or simply the way they structured their business entities to complete a shortsale is just throwing me off.

Here is what they did. They have a brokerage firm, who handles the listing. They have a "bank relations company" who negotiates the short sale. And they have a phantom llc who is purchasing the property on the A-B side. There are two people who manage each of the 3 entities involved. They even have a girl sign a phantom name while speaking on behalf of one of the entities.

So, here is my question. I am one man, have my license and own an investment company. How can I take the listing, negotiate the short sale, buy and then sell for a profit? Is it possible? Do I need an agent to represent me to fix this issue. How are all of you structuring your deals entity wise?

As much info would be helpful. Thank you all in advance