Usually the GC will have suppliers or vendors they can coordinate with for the best deals.

They will be supported by an assistant (transaction coordinator) who will keep all parties on track and coordinate from contract to closing. 

Pros:LeadsCRMOffice/desk/office supplies Team-environmentMentorship You’ll do more transactions sooner and learn fasterUsually have access to a transaction coordinator Cons:Heavy splits to the team/brokerage I think it’s a great way to get started.

We've coordinated several in the 20-25% down range at 5-7% interest only on a 2-3 year balloon.

At most, keeping you Cc'd on all coordinating emails and asking you for more information when required.Sounds like you're spun up on the legal requirements for security deposits in your state (needs to be in their own trust account).

HI Joseph,It may help to find a LO who is well versed in few critical areas:- knows their guidelines and has experience that can be obtained via recommendations, video recommendations, and vet the person online or from social circle /referrals/realtors/etc- invests in real estate themselves and is familiar with your objectives and goals and knows the metrics and terms from which you are determining your objectives- Not completely necessary but if they know how to read and coordinate a cash flow, income statement, and balance sheet it will help to coordinate your objectives as wellRE investors usually present more difficult files especially when the properties and businesses are numerous.

Good advice, I will follow up with it.My intent is to short sale it and sell to the end buyer.This is my first short sale where I will work on it alone.I did some coordinating, but I never did it all alone.Did you have any formula how low can be initial offer to the first lender as far as % of the BPO?

In other words, who does what and how do they coordinate?

For that you need a specialty company known as "Facilitator" who will coordinate the establishment of the IRA custodial account and will take care of the creating of special purpose LLC, which is a central piece of the Checkbook IRA.

When it becomes lender owned but before it is listed there is a lot of work to do and the realtor coordinates it all.