If you've got a signed contract that you must pay him comission on anything you buy, then you have to get him to sign a release that he agrees that the contract is cancelled.In future, never sign any agency form that binds you to a buyer's agent for a set length of time, and makes you liable to pay him commission on anything you buy, whether he is involved or not.When you sign a buyer's agent contract is should do no more than state that the agent will represent you and that you will pay him the commission on any house that he finds for you.You can even sign the conrtract one house at a time.If an agent wants to insist upon a more binding contract, just tell him no.

I would suggest getting an agent involved.

I always want to deal directly with homeowners and never involve a Realtor.

Are you involved in real estate at all?

Recently I have been receiving a lot of deals for REOs in my market passed on by Investors involved in "Daisy Chains", as some folks call them.

My thought was to buy a 3 bdr house for 24-30k in a mediocre area.....clean it up and rent it out then possibly continue until i have reached my goal (15-20 properties). please help with any advice but try to stay on topic thx.

He mentioned get out there and make a mess, you can always clean it up later.

Understand this: you can make some really good money in Ultimate Fighting; but if all you did to prepare was 'watch TV', you will get your clock cleaned.

When you flip to someone else you would give a warrenty deed to them which helps clean up the title for them.

The process also involves having to pay the taxes at the local courthouse and visit the tag agency to get the required updated plate sticker and 936 form before the home can be moved.