And. the only reason for that tenant is to show our gratitude for their incredible patience from day one as we troubleshooted their unit, which had gremlins all over the place.

I am not touching anything in CA commercially right now and have not touched residential in the past three years either.That said, I think there will be an incredible buyer's opportunity in the coming years for commercial as it crashes right behind residential.

My father recently got a piece of commercial property through foreclosure. He has offered it to my wife and I to leverage into a larger home (if we cover his costs). It is a beautiful piece of property on the freeway ...

Bottom line is I saw this as an opportunity to get into the rental market with out having to tie any cash as well as winding up approaching 200K in equity when the projects are complete.

If you approach a seller with the intent to buy and wholesale/flip the property, it is not at all illegal or against fiduciary duties.

Though I do believe you owe that agent no commission, and he probably would agree except for wanting the money from you, consider approaching it this way, since you are just starting out and as Mike said, have your reputation to consider, talk to the agent-in fact, maybe make a couple of anonymous calls to a few local brokers to find out the local thinking on this, keeping all names out, and if they ask if it's one of their agents say no.Then maybe talk to the agent and let him know a) either you owe him the commission and will tell the bank you're working with an agentb) you don't owe him the commission, but since you've been working together you want to give him a little anyway, and YOU determine if it's the entire amount of the commission or what part of it--50%?

the auto industry is incredibly complex and far reaching.This isn't the first time Chrysler (or any auto manufacturer for that matter) has shut down production for a while.

With that being said, I would appreciate feedback on the process of obtaining a portfolio commercial loan so I am more educated as I approach the banks.

In that case, the only approach that works is the 70% of ARV, then subtract repair cost.

We are looking for high networth investors, and were looking to find out the best approach any of you have had gaining these types of investors.