I've recently used the Residential Sale contract on this page from the Okla Real Estate Commission...https://www.ok.gov/OREC/Contra...

Here are the numbers below.Original mortgage amount was $319,900Current Mortgage balance is $289,000Single Family sale is $245,000 minus 5% Agent commission ($12,250) = $232,750Wooded Lot sale is $90,000 minus 5% Agent commission ($4,500) = $85,500Thanks for any help/insight given!

That's all wholesaling is, it's brokering real estate except instead of being up front & telling the distressed seller that you'll sell their property for X amount & take X amount as your commission / fee you are taught to lie to the seller & pretend you are going to buy the property while you secretly attempt to "assign" your contract.It doesn't work.

However, with that being said, many flippers/ investors become licensed in order to take advantage of being able to list their own properties/flips on the mls (keeping that commission for themselves) vs. paying commission out to another agent to represent them.

If you find that current listings have nicer amenities, then factor the cost of freshening your property for sale.Don't forget to account for applicable transaction costs, like Realtor commission, depreciation recapture, transfer taxes on all legs of your transaction (NC sale, CA buy & sell).

I’d think they would be happy to take the commission and relist the property after the Reno for you if your plan is to flip it.

Below is an example with the following assumptions:$25,000 down payment$300/month cash flow (rents less all expenses, cap ex reserves, and mortgage payments)$35,000 net proceeds on sale (after sales commissions, closing costs, and mortgage payoff)IRR = 20%.

Not too sure if you’re familiar with the Dallas permits department or planning commission, but they are as slow as molasses can get.

The company focuses mainly on multi-family property development as well as on acting as a middleman for bigger property deals (receiving commission on the sale).But I'm more interested in investing in residential apartments / commercial space to rent out and build a bigger portfolio, therefore basically becoming a residential property company and maybe turning it into a real estate fund one day.Now I'd really appreciate it if some experts on here could give me some advice or suggestions on what I should do in the future in terms of my career path, as I've only talked to my father so far.

Often it involves a split in commission for the first few transactions. 30-50% goes to the mentor and trainee does all the work and generate the leads.