I am currently working a retail sales job making 25k a year and I have been trying to move my way up into commissioned high end home theater sales where I could make between 60-100k working 50-60 hours a week.I thought about doing those high end sales until I have around 200-300k saved up and in my off time from now until then learning about real estate and how to invest in it.

If you used a partner when sold, you will give up 50% of your profit, (say there are no commissions and what not) you will give up $30,000 and you have a partnership.

I worked on 100% commission, however I got credit for phones in sales.

Those would be title fees, RE sales taxes, agent commissions (times 2, when they buy and again when they sell), etc., etc., and you add about another $10,000.Fixed Costs = $10,000Then comes the variable holding costs.

The listing agent at one of the homes I found by myself and intend to buy is offering me 1% cash back from his total 6% commission, if I do a dual with him.

Brandon,I've seen all sorts of contracts being used by wholesalers....anything from a 1 page simple contract to something more similar to the state's real estate commission promulgated contract .

If the value before repairs and the owed amount are about even, they should look into a SS with the needed repairs and commissions/costs of sale.

Stay away from the appearance of "kick-backs", commissions and inducements. :)  

If I were to look it up I'd start with the Texas RE Commission and see what statues (series) are used and move from there.

I usually figure a selling price for a potential property based on non-reo/non-short sale vacant closings in the last 6 months then back out commissions, carry costs and repairs... resulting in a maximum purchase price.