It sounds like you've closed too.

You would just sign a commission agreement with them and they get paid at closing. 

Just closed on this, and it's the final piece in my plan for a career shift. 

@Marcus Johnson Account Closed I feel torn between the Dave Ramsey and Grant Cardone philosophies.

Review each cities Codes before getting too far down the rabbit hole so you aren't disappointed when you're under contract or post-closing.

Hello,I recently closed on a BFD deal and looking for direction on correctly setting up journal entries, to make it easy at tax time.In a nutshell...We hold a mortgage on the property with a principal of $150k, 4.25%, 30yr amort (liability)The BFD sale price was $300k, with a $45 downpayment, $255k financed at 5.5%, 25yr amort, 3yr balloon (asset).All transactions are run through an escrow agent, and we just collect the net difference monthly (~$325 or so).   

I have been looking for an In-Person Real Estate Investor Meetup Group close to Redondo Beach.

As people transition to our area, they book our place to coincide with completing construction, sale/purchase of housing, etc…so, #1 location#2, growth of the economy, influx of jobs, etc#3, don’t laugh…have your house well decorated and take pro pictures to share.  

(To qualify for section 121 tax exempt on portion of sale.). 2) what do you think your net profit would be after selling costs?

New carpet and paint could run close to that.