I am not a broker so I will have to hire one (already know who to call for that) until I can set aside the time to go to class and try to pass the broker's test.I have a few people who "have said" they would like to become salespersons under this new company based on the fee structure and marketing I will offer.

Why would you pay those kind of fee's, when you have 25K sitting in the bank?

If you really got the deal at 70K which is realistic, and you put 12K into it assuming you were correct on budget, you'd have 82KHard Money fees will bring that to 87-88K (guessing??

If Seller fails to perform for any reason, all loan, sales, & closing costs incurred by any party will be the responsibility of Seller; and Earnest money will be returned to Buyer; and Buyer may enforce this Agreement through an action for specific performance, the prevailing party shall be entitled to recover court costs and attorney fees.

Can I still take the cleaning fee out of the deposit and put it towards the new carpet?

I'm looking for RE agents or loan officers that want to earn a finders fee by introducing us to investors.

I really do not have a formula to come up with for my assignment fee's.

Our office does not use buyer agreements either, so we are exposed to that risk of spending a lot of time with a client that turns out to lead nowhere, since the client may choose to purchase with someone elseThey way our office tries to deal with this is by getting exclusive listings, so the buyer would HAVE to buy through us if he really wanted the property and we have agreements with the seller that even if the seller deals directly with the buyer we STILL get paid a fee as the exclusive listing agent.

I would assign the contract over to your buyer and accept an assignment fee.

I assume you are talking about wholesaling.Sure they can use an out but if they opt-out then you still get their assignment fee, or at least in the contract that I use you do.I have never used an out that was written in a contract, usually because I know what I am getting into.If I find something that is worrisome in an inspection then I will renegotiate.