A recognized environmental concern (REC), or a major issue, may cause issues financing or require an environmental indemnity in the loan agreement.A phase II is much more extensive and expensive, and usually involves the type of issues that will cause a lender to decline financing a property.

This way I can recognize potential deals a lot faster and hopefully make money for all of us involved.

I have reached out to local developers to buy me out and they are all too involved with other projects.

Hi Andrew:Your best bet is to have the title company run a preliminary title report to determine who the property owner is and how title is held.

Make expeditor contacts so you know exactly what is involved with obtaining permits and how much it will cost.  

But without the words condo being removed from the title the FHA would not approve.So now we are working for another extension and switching over to a home style renovation loan in hopes that we can get approval there, as HUD will not be involved.

I’m curious on the structure / finance of a deal when there are multiple investors involved.

I am no legal expert so I do not know what else would be involved in something like that but it seems to be something that could be done.

@Russell Brazil Hey correct me if I'm wrong but the listing agreement language isn't even relevant here.The relevant contract for payment of commissions is the employment or IC agreement between the broker and agent... and I'd be willing to bet anything that contract says you get paid only if the broker gets paid.

It could be a point or so different.Some A go between 4-5% some B is 5-6%But I bet that in LA  or SF done A could be in the 3%!!