I also have a Realtor I have been working with who is a straight shooter, won't BS you.

I was considering offering 2 options:1) Straight loan earning 10-12%, interest payable on property sale2) Loan earning 5-6% plus they get 10-20% of net profit on the flipI'm looking at properties that I can get done for <$150k and sell for <200k.

Thanks Jon,I got all pumped up, got my script straight in my head and called everyone on my list.

When I find a "home run" type of deal that's sure to sell quick and for a big profit, I will sometimes skip the option and just go straight for the contract.

It's really nice to be able to work on the water heater and hot water lines without running back and forth to the main turn off valve.I've had it take 3-4 hours when there was some extensive plumbing replacement , subfloor damage, and wall insulation removed and replaced.If it is a straight forward job, it's pretty quick, but I imagine your plumber is going to charge you for the time while he stares into space as the tank is draining.

Either way - they were professional, straight forward, friendly.

I have really tossed around the idea of skipping sfr and going straight to multi family, but many have said that its easier to learn with sfr.

Ive sold plenty of cars and its basic supply and demand sales.I understand most deals are straight forward but like you said there are so many modified contracts on the properties you here all sorts of different sales.

Why risk your license when you can get answers straight from the broker.I have other realtors that bring me buyers for my deals.

A straight percentage for debt serve doesn't really make sense unless your property tax, maintenance, and vacancy are always the same percentage for every property you see.