The new one, was a cut in pay.

The listing agent confirmed with me that this move did indeed help me get the deal as they had received similarly priced offers from other "licensed investors" but they had also wanted a cut of the commission.

Some take a cut but they really aren't thrilled to have agents doing wholesale.My brokerage is a 100% payout brokerage and has tons of agents who only use their license to invest but they are still clueless about process for wholesale deals.

…I admit, when I was starting out I had an acute fear of failing.

I looked at a cute 24 unit condo.

Many auctioneers don't charge the seller anything and get their fee from a "Buyers Premium" It is easy to say "all an agent does is throw it on the MLS and get 3%" The broker takes a cut and agents have lots of expenses.

The question is how much of a cut are we talking about.

Bring value to others before expecting things for yourself.Put yourself in an investors shoes...if a young gun with no experience asked you for money to invest in a deal and would take a cut of equity for themselves, with no track record, would you do it?

I find the way they present themselves to be disingenuous when they are really just middle men getting a cut of the GP shares to handle raising capital and investor relations.

However, the existing door bottom needs a cut.