Your worries about finding deals with enough equity spread may be an indicator that you need to continue to educate yourself.

I thank you all for spreading the knowledge and love to newbies like myself.

On the other hand with performing notes do you make your money on spread interest?

Assuming a 6 month, 100% loan for the purchase price at 11% per year plus 2 points, as well as 15% interest for the full rehab, here is an estimated P&L:Don't mislead yourself by focusing on the spread between the purchase price and ARV, as many new to the business seem to do, ignoring all expenses.

If you are having a hard time finding a buyer yourself, you can either sell the contract to one of those wholesalers (if you have a good enough spread) or share the fee with that wholesaler if they bring a buyer that closes.

Hi Amiris,Thanks for your comment.We launched like 2 weeks ago with a half A$$ed website and ZERO marketing and already recruited 7 agents.I have had VC's throwing money at me like crazy but we are looking at bootstrapping for now until we prove the concept and maybe raise money on our terms.Looking at including all of these things in our online platform:Live support, training and “How To” video’s, various marketing templates, a CRM database management software, a DIY social media account set up, a DIY personal website set up, create own Dotloop signature tool, online continual education courses and a full blown real estate library of videos, tips, webinars, courses, etc..I'm super excited about this mate and believe it to be the new revolution of real estate brokerages Thanks again

Since you are not as concerned about spread for a fix and flip you really just need to focus that your market is either stable or in an upswing, obviously the latter is better. 

I keep the receipts and tally them up at year end.I gave my accountant a spread sheet adhere 1040 self employment.

If so, what information served to be the best piece of information; Phone Numbers, new addresses, emails, social media account info, etc. 

If you (or either of them) were knowledgeable enough to navigate the entire transaction, you could tie both ends without an agent, saving at least 6%, which would have been plenty of spread for you to make a nice fee.