Partnering with a Realtor can be troublesome when the market changes and he has cash flow problems.If you can examine his finances and determine he can stand alone w/o income from sales then an experienced investor partner, whether agent or not, may be a good fit.

It is extremely important that you know the basics of real estate as agents learn for their examinations with the exception of state real estate commission related materials.70%, I'm sure after being here for years on this site, of the questions asked on BP have the answer in the basics of a formal education in RE.Can you, as a newbie (or more most here with years in doing what they do) imagine being able to give an intelligent answer to 70% of all the questions asked on this site after receiving about 2 weeks of training?

It says: It says this:INSPECTIONS: The buyer shall examine the property to determine that its in habitable condition, AS IS.

When the light comes on everything will be viewed differently I think.I'm not going to beat this further, but much of it is pretty easy for those who were doing conventional financing before the sub-prime era.I've spent several hours, more than I should, trolling through the instructions for examiners of the CFPB.

Eventually you will may have the means to do deals without that partners funds and if all they contribute is cash, you might be better off with a different arrangement.Example: first 4 deals 50/50, then we re-examine or something like that.

Just currently waiting to take my exam in May.

There are certain parameters a good banker/loan officer needs to examine up front that can cost you money in the long run.

Thats about a year of my net cashflowanyway i have a few questions to ask him.. i see a $3750  charge for points which him and i never spoke about... let me know if i have something i can negotiate or should i find a different mortage lenderPURCHASE PRICE: $250,000LOAN AMOUNT: $187,500INTEREST RATE: 7.990%APR: *8.370%TERM (MOS):360PAYMENT :**$1,895.50CASH TO CLOSE: $75,447.42250K PRICE 2 UNIT HOME INVESTMENTDOWN PMT/EQUITY: $62,500.00 LOAN TO VALUE: 75.000%APR COSTS: $2,819.67NON-APR COSTS: $2,647.75POINTS: $3,750.00UFMIP/FF/GF/SP: $0.00PREPAIDS: $3,730.00CONTRIBUTIONS: $0.00EARNEST MONEY :$0.00CASH TO CLOSE: $75,447.42FEE DETAILHazard Insurance Reserves: $250 Hazard Insurance Premium: $1,500 Taxes Reserves: $1,980 Application Fee: $1,280 Points: $0 Appraisal Fee: $675 Credit Report: $37 Flood Certification Fee: $8 Tax Service Fee: $68 Title-Courier/Exp Mail Fee: $80 Closing Protection Letter: $75Electronic Document Delivery: $25 Title Endorsement: $100 Title Examination: $100 Title-Lender Title Insurance: $843.75 Title-Settlement/Closing Fee: $625 Recording Fees: $470 Buyer's Attorney: $1 Title - NJ Tideland: $20 Title - NJ Upper Court: $13 Title - Notary Fee: $25 Title - Notice of Settlement: $40 Title - Recording Service: $10 Title - Search : $13 Title - Tax Search: $35 Title - Transaction Management: $35Title Abstract : $175 Title Bankruptcies: $13 Title Municipal Search: $55 Title Wire Transfer: $30

Wife and I have been California Salespeople for a number of years, have rental properties and property manage about 55 units. My wife just took and passed the broker exam today and good thing as our broker is retiring...

Have you examined the actual codes your locale uses?