Unfortunately I think your chances are between slim and none getting a bank to loan you money based on a business plan right now when the business is young and/or has no assets.I think your time is better spent trying to find private money to procure assets going forward.

The real estate commssion is based on the sale of the property within the contract period, meaning the transfer of the deed at settlement.If this does not occur, there is no sale and thus no commission due.There is also the aspect of the Realtor (and Broker) being the procurring cause of the sale.

Are you suggesting that someone can procure capital to invest in building a portfolio in this credit-constrained environment absent more "active" activity?

Do you mind filling us in on what the terms are on the loans you procure through the bank Bryan?

I think it costs $25.00 just to put the listing on the MLS and they give 50% of the first months rent as a commission to the procurring Broker.

Equity capital would have been welcome, but the track record wasn't sufficient to procure angel funding or anything else when it was needed.

This is a tenant that we procurred ourselves after buying the unit.My other thought about correcting the issue, as mentioned already, is to adjust the lease to make the rent due on the 15th.

As a point of reference for both of the above question areas, in my inexperience I frankly may have muddied the 'Procuring Cause' waters with 2 of the potential properties as I went to see them without an buyer's agent with me and the seller's agents may try to claim "Procuring Cause" because they told me about the individual property.

As Beck admitted himself, it's not true, and no other remedy besides a tax penalty has ever been proposed for failing to procure health insurance under the new or proposed bills.

Not only is the money going into the pockets of the non-engineers, but the government is charged ridiculous prices for parts and manufacturing, project management, testing, procurement, delivery, etc.