We pay all of our expenses out of that which includes: broker split (my brokerage takes 22% of the total commission, this varies by brokerage and is typically anywhere from 5-50% depending on how much support the brokerage provides and whether or not the agent is on a team), transaction fees, transaction coordinator cut, income taxes (15-20% of what's left after broker gets their cut), errors and omissions insurance, MLS fees, board of Realtors dues, required continuing education costs, vehicle and vehicle insurance plus maintenance, repairs and gas, health insurance (also health insurance for the family if they are the sole breadwinner), technology fees, desk fees (office rent), marketing materials, advertising/ lead gen, etc.

I'm biased, because my team does about 40 of these per year on the buy side.

If you invest in RE, whether active or passive(management team, syndications, crowdfunding), I'd love the chance to quickly explain the structure and hear your thoughts on what might need to be improved.

Go to BUILD YOUR TEAM at the top of the screen and look for local investors or meetups in your area.

Go to BUILD YOUR TEAM at the top of the screen and look for local investors or meetups in your area.

For properties that need upgrades, rehab or furniture, investors will need the time or team to execute. - Performance expectations.

Only allow inspections after the contract is signed and locked in (if possible).Ultimately, gauge the buyer's credibility—are they responsive, experienced, and able to close?

Sounds like it might be doable, especially since you have already experienced what it would be like.

You spoke to 2 people Out of 25 Loan officers / Senior UW Team members.

I am considering purchasing empty lots priced roughly $10-15K below market value.My plan is to offer owner financing for the land.These lots have water, drainage, and electric connections available, and mobile homes are permitted.The area is experiencing significant development, with the lots surrounded by new single-family homes.I would really appreciate any advice, feedback, or suggestions.Thank you