For a few years I owned my own brokerage (always hired brokers, never held a RE license whild I owned a brokerage).

I am a Real Estate Broker in California who would like to start brokering his own loans for other lenders.

both are middle men, the real estate agent and the wholesaler - the difference isthe real estate broker doesn't contract to buy the property - they contract to negotiate the sale of the property.the wholesaler actually puts the property under contract, usually with no intention of actually buying it, but rather looking to flip the contract and make money - fast money.the key here is to recognize how BOTH do this without having to put money into the deal itself.

Can you explain to all on the forum how a broker or loan officer makes money with this program.

We can estimate, but you're going to have to talk with a mortgage broker who can pull your credit and tell you what you'll qualify for.

you must be a realtor or broker.

Wouldn't you need to have a broker's license, or at least have a broker officially in on any of the deals (and presumably taking a cut) to make it less "illegal?"

if you get your real estate license - you'll be selling other peoples property among other things - primarily representing sellers (most brokerages do).you can get your license as a sales agent - work with a good broker - learn the ropes of that business and specialize in real estate investing - networking with other investors, possibly as a buyers agent.

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entering into an agency (agreement) with real estate broker that involves you as a buyer simply means that the broker is working on your behalf - meaning - you're the client and the sellers are customers.a broker or a sales agent that you enter into a buyers agency with simply give the broker of record an exclusive right to help you - you can't go off and close on real estate without them - for you, this type of arrangement is good because you have the piece of mind that the broker/agent works for you (you hope - even with agency sometimes agents get mixed up with this because it's the little things that make or break agency).as far as using an agent - they might be able to run comps for you, let you know certain things about a given area pertaining to rents, values, general info about the locale that may help you find the best for YOUR money.know this about co-ops - you're not buying real estate - you're buying shares and in return you obtain a proprietary lease to a unit which is owned by the corp.