Obviously, he saw that I was willing to work and bring something to the table.

If not, you must plan to bring cash to the table to sell the property.

Any real estate agent can only be paid through their broker.Having said that, they gray area is basically you have a deal under the table with a investor that is agreed upon between you two.

RAM - What can you bring to the table?

We've never held a formal meeting (unless you count conversations about the properties over the dinner table).

Ask for somebody else in the department to handle the loan instead who has some seasoning about themselves....When you are at the closing table, you will sign the paperwork as yourself as a 'member' of the LLC....

You might be bringing those to the table for the Realtor as well.A realtor is only a "FOE" if treated as a foe or allowed to act like a FOE.

If you have a buyer who is ready to bring 10k to the table and all of the other numbers work, then it appears you are in a good position.

Interesting point about closing table payments, Wheatie...Essentially, when you buy the property, you pay the first year's insurance at the closing table (or even ahead of time directly to the insurance company and then provide proof at the closing table) this then starts your term. 1 year later you owe it again, that is where the escrow account comes in.Taxes are due when they are due, however.

Money on the table from the buyer helps to ensure that they stay in the deal to the option date!