Originally posted by "seattlegogetter":So an update for all the questions and concerns.I used my license to List the property instead of assigning it or Double Closing the deal due to a simpler approach with the advantage of being a realtor.I listed the property for 389k and got it under mutual acceptance for 400k.Total commission is 11% Buyer has an agent so My split is 8%.

If any of you Oregonians want to have coffee or a lunch one day we should get together.

I would calculate the 5+ combined as a commercial deal then figure out her broker split then find the number equal to what she would have seen on a comission check.

After the buyer/seller split theres still the broker/agent split.Now if youre doing a ton of volume thats a different story.

After selling expenses you should have roughly $155k to split.

Mark Spivey, my tax bill does not indicate what part of the assessed value is land and what is improvements, but the assessor does have it split out in their records.

When looking for a mentor:-make sure they are still active in today's market-ask them for the addresses of a couple of their properties-make sure you feel comfortable with them-if you split deals, etc. make sure everything is in writingGetting a mentor is how most of us learn the business, however there are a lot of dishonest folks out there and many of us were ripped off in the beginning before we found a quality person to teach us this business.

then I would either pay off the other investor, or we would split the profit...

Find out how you can take one to lunch and then learn how you can help them.

You could be the one who takes out the loan on the next property in your name with the same deal for splitting the deal like you did for this one.