(f) Assists or directs in the procuring of prospects or the negotiation or closing of any transaction, other than mortgage financing, which results or is calculated to result in the sale, exchange, managing, leasing, or renting of any real estate, other than a provider of information, ideas, and materials to guide homeowners in the sale of their own property.

(Vendor's situation is time-critical for various reasons.)2) I can proceed with the listing agent acting as an "intermediary", which I understand is a representative of both parties, and he'd pay my procuring agent a referral fee of 1.5%.

Next, you say nothing about the team you have put together to actually procure and manage these investments.

.$3,600.00 total commissionLess: Broker split of 50%: ($1,800.00)Gross Commission to me: $1,800.00Less: 7% Administrative Fee: ($126.00)Less: My costs: ($200.00)----------------------------------------------------Net Commission: $1,474.00If you procured the buyer as a Realtor, you already got 2.4% ($2,400.00) gross commission.

Among these is anyone who "directs or assists in the procuring of prospects or the negotiation of any transaction … which does or is calculated to result in the sale, exchange, leasing or renting of any real estate."

While I ten to like Lowes prices better.

Aaron -Sounds like we do things pretty similarly...For us, we have one full time project manager, whose responsibilities include getting bids and negotiating, hiring the subs, managing the subs day-to-day (to whatever extent is needed considering our subs have been with us for a long time), writing the checks and procuring materials.Basically, between the day the property is purchased and the day the last punchlist item is completed, this guy is in charge.Now, he takes direction from me -- I determine what will get done and not get done, I set the budget, I set the schedule and ultimately all the receipts come back to me for accounting purposes.I guess I'm the second guy in your equation, but I'm able to do this part of the job in about 10 hours/week (doing about 10-15 rehabs per year), so for us, having someone else independent of me isn't really necessary.I'm curious what your specific role is in the rehabs if you have someone dealing with the day-to-day tactical stuff and someone dealing with the higher-level strategic stuff?

See if you can procure your own insurance and provide the Seller with a certificate (allows you to shop the price).

Hi Lily,IMO, the issue is procuring cause.

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.