How the Realtor get payed in this situation.

It wasn't a good situation.

I'll start by outlining my personal situation and then get into my questions.

This type of situation is exactly why I try to always carry my gun.

(just to name a few).Ultimately, you need to do your due diligence, study the area, make sure the numbers work for your situation, and always keep reserves (cash, line of credit, etc) for raining days.Good luck to you.

That explanation will arrive to him from my attorney, as soon as the situation arrives.

I thank you all for your input as it is very helpful..I think I should do a little more explaining, as maybe you don't understand all of the situation..As with my first house..This deal was done with the son of the fellow I sat down and talked with, we will call him Joe jr..Joe Jr. worked for his father for 17yrs and knows alot..After I spoke with his father, his father suggested that I talk to his son and see if I could light a fire under him, as I am aggressive, and well, I hate to say it fairly lazy and VERY spoiled..

Figure out your money situation.

You'll surely be more likely to get a deal done.NOTE: I've dealt with similar situations and the big boys DO NOT want to lend on investment property right now.

How do you all structure your partnerships with other investors.Such as situations where one person brings the money and another does the work etc.I am interested in hearing various structuring agreements between various parties and how they work and didn't work.Thanks