We are bidding 10K below sales price (it has been on the market for many months).Our agent had several suggestions to get the repair $, including:get 20k commission to realtor and he 1099's it to uspd to mtg broker as discount pt and broker gets it to usfind a lender who will loan based on post-repair valuedo fix&flip loan, refi when repairs are finishedThis will be our first rental purchase, so we are at a loss as to which is the best option.

You will want to do yellow letters and emphasize the benefits you offer landlords:-Elimate tenant hassles and headaches forever-No more chasing tenants to pay the rent-We never charge any fees or commissions -We can close on the date of your choice-We will buy your house “as-is”-It doesn’t matter if the property is vacant or occupied

Again, I must personally guarantee the refi loan, but it is not a problem.Question 2: That is a guru sales pitch who gets paid commissions by the entity formation companies.

Wouldn't they make more money off of it that way, as opposed to a commission fee?

Plus, commissions and closing costs can take 8% (or more these days with seller concessions.)

IncomeRent $750ExpensesPITI $815Misc $300Negative cash flow $365.Since taxes vary locally, it’s hard for me to know how much is going toward the principal balance each month, but I’ll assume your initial loan was for 125K and say:Cost to sell this place now (commissions, closing costs $10,000)10 years of carrying costs: $43,800Principal pay down over 10 years: $20,26820 years of carrying costs: $87,600Principal pay down over 20 years: $57,49630 years of carrying costs: $131,400Principal pay down over 30 years: $125,000It seems like the negative cash flow outweighs the benefit of keeping this place, unless you just want to have an extra piece of real estate for your child, parent or whatever.As an investment, it does not seem to make sense.

So I waited another month and put in an offer so she would get what she told everyone after the Realtor commissions.

i have had people tell me you can save half the commission if you dont use an agent.

The equity we have is our only source of cash for the new purchase, which if we list with an agent wont leave us with much for a down payment after paying the commission.

If the properties are in another area, find a good PM there.Were it me, I would try and sell the very best properties myself and keep the commission.