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Hi ,
My name is Noam Yogev and i am the owner of "Usa Property Preservation,Inc." in Los Angeles California.

i m creating this topic for property preservation contractors and pros' to give some help to real...

I am thinking of getting licensed but I a disability that would provent me from showing most properties personally (mainly those with stairs or other access barriers do to wheelchair use).

My question is....would I s...

Seems there is still some hint of "paying" commissions to the partnership, you can't do that as the commission, unless your partnership is licensend as a real estate sale entity having a license.If you want future deals to be equal, go back to by earlier comment, adjust your earnings for commissions received.If you want the be paid for agent services in addition, then keep them and then work out a split arrangement.

Welcome to BP Charles.Need to search the multi threads and begin reading, there will be tons of information to digest.If you're new to RE, start off with a text book available on Amazon designed for agents to take their exam, you need to know that stuff, the basics of RE.Go through the site and the headings for topics, you can ask specific questions in the appropriate thread, there are feature that alert those that monitor those threads, at least some of us do.

If not, ignore everything she says about what something will rent for, agents are notoriously optimistic ;) But do call some area property managers and get their input.

The "certifications" for agents for this are all useless, self serving, schemes.

I work for agents and I absolutely discourage this behavior.

I am working on the following deals with a buy and hold exit strat of 1-2 years:Deal One:REO (On Market Dec 07-offer fell through-Back on Market 12 Jan 08)2 Bed 1 bath w/ garage.17 AcresListed $189,900Comps /FMV around $190K-200K1 Year Hold Numbers$113,500 Purchase price ($190,000 * 65% for declining markets)$2270 (2% * $113,500 closing costs) $10,000 repairs $6720 Interest (6%) $468 Insurance ($39 mo w/ Earthquake cover *12)$1250 Taxes (113,500* .011) $1440 (Principal * 12)$15,200 Selling Costs 8% * ARV (6% for agents, 2% for other costs)$37,340 (Closing+Repairs+Holding+Interest+Insurance+Taxes+Selling)$150,840 Total Outlay (Purchase + Holding) $39,160 Profit (ARV-Total outlay) 2 Year Hold Numbers$113,500 Purchase price ($190,000 * 65% for declining markets - repairs)$2270 (2% * $113,500 closing costs) $10,000 repairs $13,440 Interest (6%) $936 Insurance ($39 mo w/ Earthquake cover *24)$2500 Taxes (113,500 * .011 for 1 year *2) $2880 (Principal * 24)$15,200 Selling Costs 8% * ARV (6% for agents, 2% for other costs)$47,226 (Closing + Repairs + Holding + Interest + Insurance + Taxes + Selling)$160,726 Total Outlay (Purchase + Holding) $29,274 Profit (ARV-Total outlay) I am planning to offer $113,500 working up to 120,000Does this look right?

I have a few referral relationships set up for agents outside of Cali where I've referred people to buy multi-units.

Start with a real estate text book for agents to sit for their licensing exam, an older book is fine as the basics of real estate hasn't changed for decades.