But in this case, I feel obliged to do so in order to warn others before they put down $10,000 of their hard-earned money.I have been a "Preferred Investor Group"(PIG) member in San Antonio for a little bit over a year or so and have purchased 2 houses thru Lifestyles.I choose to post with a psedo identity as it is not pragmatic to criticize a organization after paying a hefty sum in advance (which effectively precludes you from using services from other organizations).I disagree with some of you who may claim that some of the below points are trivial.

My earlier post did touch on that; see below for th pertinent part.

So long as you don't advertsie, meet your accredited investors through other relationships, keep active capital investors below the current minimum, don't provide written guarantees or even suggesting a specific return beyond interest rates, never use all your sources in the same deal and have agreements that they will take other investors out with notice, then I'd say you will be fine. :)After a few years working under those conditions you can think about growing.I realize you want to market the projects to your investors with big numbers, that is an absolute beginner mistake.

BTW - that same formula is also used to set the RTT on sheriff sales, since those are almost always bought well below "fair market value" (but since that formula used doesn't take into consideration the usually terrible condition of properties in sheriff sale, it's not a true reflection of actual market value of such a purchase - but that's another topic altogether).

However, with the documentation presented below. i have yet to cut a commission, in addition the brochures linked below, say to use them if the lender is uncooperative with the 6 percent commission.

I found a link below that i may just take online.Thanks.http://www.retrainersca.com/Real_Estate_Broker_Continuing_Education_Online_Courses.html

If I make above $50/hr its a really good job and below $30/hr I am not too happy.Have any of you ever calculated this for a fix and flip?

If I was looking to do this as a subject to deal and the owner wants money above what they owe but still below market value.

Plus, he's fun to read cause he has no filter.

They had been at below 60% occupancy and even at a 50% discount to current, it didn't make economic sense.4.