An experienced investor might be willing to offer a lower split of the deal, but their experience might result in a higher rate of return despite the lower split.

On my lunch break at my day job listening to the BP Podcast 012 right now and so far it is awesome.

Buy them lunch when you visit.

Sometimes during my lunch break I'll go ahead and check up on the property make sure everything is straight and secure.

There will be no cost savings for you since the sales commission is paid by the seller (in almost all cases) and simply split between two agents.

At the very end of February I got a referral from an Agent whom I had taken to lunch and explained what I do.

Jim wants to establish an LLC for his company.Tom and Jim both agree to have an attorney draw-up an agreement that states each of their responsibilities (financial & other) and how to split the net profit.

However, what if the investor is not just a lender and is to receive a split of the sale and the deal needs to be documented differently?

Go with either the tried and true 70% rule-of-thumb (and good luck with that in Los Angeles), or the more detailed approach taken by J Scott, or best yet, create a standard spreadsheet with estimates for all your expenses and back out from there.In the end, you’ll get your lunch eaten by using rote formulas without an understanding of either the actual expenses or an accurate way to predict them.

I split your post out into your own thread.