Typically, our breakdown looks something like this -At contract execution - 5%At permit issuance - 35%At Footing inspection - 25%At mechanical rough inspection - 20%At installation of cabinetry and trim - 10%At certificate of occupancy/completion issuance - 5%Now, this is set around large jobs.

Be alert, if you time it right you might be able to get down payment assistance/grants (I got $5,000 from a local program and used it to buy my interest rate down to 3.125% which is way below typical market rates for a Duplex).

Plus there are a number of programs out there that could help you with down payments.

Need Help

So far I'm including a business plan and an example fix and flip deal using the program from here on BP.

Some programs guarantee commission won't be cut.

As for the more typical and stream-line brokers, what would you recommend as far as residential goes, it may offer good programs for new agents, competitive and reasonable brokerage fees, great enviornment, etc.

@Paul Timmins thanks for the response, few things:1) thanks for the advice I will check out the REI groups for sure2) I will make sure to search for HUD homes, as I am open to purchasing distressed properties.3) When you say student housing, are you referring to a specific program with the university where you are some type of preferred vendor of some sort, or just renting to kids in general.?  

Many of these give sales pitches, gurus try to sell their products or mentoring programs, or someone tries to get you to invest in a REI Fund by a group of people pooling their money, for some REI and promising an unrealistic return.

HI Marc, I tried your program. it seems there was a lot of good info because I did not have any experience.