I am starting out in commercial real estate as a broker and i was wondering what type of software you guys use to create marketing packages and if you use other software to aid you in researching properties and numbers.Do you have something to create charts and show returns over the course of the investment?

Or try a local mortgage broker.

Your competition will be just about everyone else who read Irwin's book, just about everyone here, just about every smart broker in your area, and so on and so forth.People who find these deals routinely work very very hard at finding them.

I am a commercial broker and a buyer's mandate for a few clients chasing the REO dream.

I'm sure you realize that brokers are not in control of this but hopefuly are prepared enough in keeping up with the industry.As a side note: If you're using loans to purchase the property do not use fianacing in the name of a business.

I am not a broker so I will have to hire one (already know who to call for that) until I can set aside the time to go to class and try to pass the broker's test.I have a few people who "have said" they would like to become salespersons under this new company based on the fee structure and marketing I will offer.

Even my broker was shocked...

Will a non-binding, preapproval letter from a mortgage broker for a line of credit in the needed amount work?

You should speak to a local lender or mortgage broker to find out what terms you can get.What you're talking about is a "cash out" refi because there is no loan on the property.

Speak with some mortgage brokers or lenders about what sort of loans you can get.