The commission isn't all profit and I think you do a disservice to our industry by furthering that perception.

Is it like you sold your house and don’t have to pay for the profit?

Do you have a current need for that cash flow generated from the tax savings?

I am glad you highlighted the management piece as this is a crucial part of buying in another market.Excited that you are stabilized and are generating cash flow on that deal. 

**Joint Venture Agreement**: If you are partnering with another wholesaler or investor, this contract outlines the terms of the partnership and how profits will be split.

Your ability to identify properties and markets where you can generate equity (both imputed and appreciated) while using debt responsibly and knowing when is most appropriate to sell is how you acquire more real estate. 

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How much profit do you have in your current house?  

With this structure, lenders can offer more favorable terms, including lower interest rates, making your investments more profitable in the long run.

If you are new, be sure you can raise the funds before proceeding.In my opinion, you are going to have a hard time raising money with a 6% pref and 70% of the profits after that unless you have a lot of newbie investors in your Rolodex.