How would I structure this if I ended up negotiating a final payout once i actually sell the house, without necessarily covering mortgage payments along the way?

Selamat Datang to BP, @Linda Arfiyanti There’s always a fine balance between paying cash and borrowing (i.e. using leverage) and it will come down to personal preference and the risk you are willing to take.If you had $100,000 in cash you might be able to buy one property for the entire amount and maybe sell it soon thereafter for $110,000.

loss of your RE license for starters, fines and depending on how much you did in violation of law, jail time.Most wholesale mortgage operations will not allow or pay any fee to an unlicensed party acting as a broker.Know too a note sale price will eventually end up in tax returns, they will need to account for fees and expenses involved.See a finance or securities attorney, not so much a RE attorney. :)

I'm also a finance guy on the Eastside and pretty recently have gotten into REI on the side.

I would be careful on asking an agent for their mls access because if their brokers find out they can pay a fine and second offense they loose their license.

Not just permit fees and a fine process but permits usually end up being viewed by the Assessor's office, property value increases and taxes go up.My town really cracked down on regs. you can't change out a light fixture without an electrician who then needs a permit, but I think it's very cheap.

This gives the original homeowners a final chance to redeem the house for the auction price.

If you are a finance guy take control of the finances if possible.

Today I received a notice of violation from the Nevada Real Estate Commission and a fine of $500.

I have recently replaced the roof and am waiting for a final inspection to confirm that the roof comply.