I haven't signed onto a firm yet but she has done it independently on a part-time basis for a number of years.I got some backlash from the company, asking if I'd signed a buyer agreement and that I needed my agent to contact them.

When an investor starts to get CREATIVE which usually means little to no money down and all kinds of off the wall techniques then the odds of closing go way down.For the investor that hits the 1 in 100 miracle home run on a creative deal it is worth it to them but for the broker or agent it's usually just a waste of time.I wouldn't say not having an everyday single agreement is wrong but I would say it greatly reduces your chances of an offer being accepted by a seller.

Not science, just applying a simple everyday metaphor.

The one downside to being so independent is that I do not have many partners to work with on an everyday basis, so my methods can become a bit stale.

This month I closed on a condo in Las Vegas that is being rented out on a nightly basis.

. , the deal you want to put together is very straightforward and done every day of the week.Your investor wants a premium over what they would get by investing their money elsewhere, you are going to have to accept and pay that premium.

Would it be fair to assume that I get 50% ownership in the property and in the event the property is sold, the capital investor gets his/her basis first and profits are split 50/50?

Although a friend of mine is partnered with me in investing and lives in the area of the properties, he does not want to be looking after on daily basis.

Everything is evaluated on a case by case basis.

We filed a objection to the plan on the basis that the plan is stupid and cannot strip my second, in legalese of course, and that's where we are now.