Look for an office to hang your license in that doesn't have min. quotas and doesn't take a split of your commissions.

However the commission, if I were licensed, on some of these properties is much more than that finders fee.

The few dollars you save not paying a commission will easily be recouped if you find a good agent to work with, that brings you deals as soon as they come on the market, etc.

Mike Poulliott Unfortunately the only advice i can offer is i've heard that some brokerages offer a commission based system for having you on their books and others do a flat fee.

Commission on resale = 7KNew roof = 5-10KNew Paint = 3-4 KNew flooring = 3-5 KNew Furnance = 3-5KNew WH = 1KGarage Door = 1KNew Kitchen aplliances = 2-3KCarying Cost = 6KDoes not include other needed repairs, and you are already running close to your $41KAs I do not know your area and my prices are ballpark, you may wish to get better numbers before committing to further upgrades.

Okay, I'll be hypocritical and include myself, but I don't have any intention of teaching, at least not in this arena as a paid instructor.Consider what state real estate commissions may require for agent's education, usually a master's degree and so many years as a broker, and then it may still be on a probationary basis, reviewed, examined as well as structured as to content.

(the seller is sick of dealing with RE agents and offered me half a typical RE commission).I have a great rapport with the seller and am happy to help them out, and wouldn't mind the extra cash.

"Selling" it this way has the added benefit of avoiding the 8-10% of costs you'd incur from a straight same from commissions and seller concessions.

All in all though, think we raked in a solid deal.Please review my numbers and let me know how I did.Purchase price: $92,900 (all cash)Closing costs: $1,800 (inspection, survey, etc)Renovation costs: $22,000Holding costs: $1500 (utilities/taxes/insurance)ARV: $160,000Closing costs: $8000 (realtor commissions)Net Profit: $33,800!

For questions and clarification, contact the Fair Housing Section, Utah Antidiscrimination and Labor Division, Utah Labor Commission.