Those houses are a headache to deal with, for peanut rewards (pre-commission split!

Each trainer, even at the seminars get a commission from the seminar fee as well as from any programs sold at the seminar per person.Once they know you are not buying, you are nothing to them.

My last deal with hard money looked like this:60K purchase price45K borrowed - Hard Money2% origination = $90012% APR or 1% per month payment =$900 for 2 monthsNo renovation costsSold in under 60 days for 78KNet gain = 11K after commissions, closing costs, loan carry.Have fun and Make Your Own Luck!

He replied the NYC broker charged less in trading commissions.Interesting, my experience with buying and selling stocks was the broker referred to a book supplied by the brokerage firm to determine the commission amount.

Build in a portion of the 3% commission into your price so that you can pay a realtor that has a client but like I've said before, most realtors won't get out of bed for 3% commission.

I bought a condo back in May 2006 for $149k, rehab costs are approximately $25k, sales price $230k, RE Agent's commission 4.5%.My question comes as to what I can deduct to reduce my capital gains tax exposure.

If you only put 10% ($10,000) down (we'll ignore losing costs and commissions here) then your cash on cash return is 100%.

If my agent was unethical and only cared about maximizing his own commission he could similarly direct a third party to put in an offer to drive my price up to the escalation clause's cap.While this is a risk, I believe if you are confident in your escalation cap and trust your agent this type of clause in the long run could potentially save you a lot of money.

If you're planning on investing it's probably a good idea to ask them what the commission split looks like when it's your own personal deal/property vs. the when you're working for a client. 

In VA we can sell our own properties only through our brokerage and keep the split commission.