It’s a cute house in a great neighborhood.

My brokerage wants a cut of my assignment fees from my wholesaling business.....

Since when did the amount the seller will net become the "acutal[]" sales price?

Brian i'm in a similar situation as you wanting to get started in wholesaling but instead of you working for free (your time is worth money) you should have no trouble finding a mentor by offering up a cut of your first deal.

It probably acutally takes less time to find a house for a $1m+ buyer because they don't want to spend time looking at 100 houses.Your proposed system is the way to go, now just to design it and convince all those with an interest in the current system to give it up.

Here, the lender takes a cut of the profit as well as interest payments.

From there, this guy then also uses his own PMC to handle all aspects of property management.His terms are as follows: 1% of the deal goes to him up front as an acquisition feeThen on an ongoing basis, he gets a cut of net proceeds, defined as a % of the total amount positive cash flow going into our pockets after all expenses, mortgage, insurance, etc. are paid.

Have my eye on a cute, needs tons of work including logs, log cabin with possible owner financing.  

I know it's a cute town n all

So the distress if be targeting is acute: there's a one time special assessment and the owner can't get that much money together fast enough.