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    0 Replies Latest reply on Oct 16, 2008 2:33 AM by InnerCircleRE

    Anyone Here Perform Real Estate Commission Advances of $10k

    InnerCircleRE Wayfarer
      I have some immediate funding requirements to get me moving forward on a time sensitive investment and wanted to borrow $10,000 against one of several Listing commissions I have closing. I have a closing scheduled for the Oct 30th that is outside of attorney review & inspections that I wanted to advance against. My receivables are $14,250 in total commission coming my way. I also have 3 other closings coming up between end of this month and mid November. I wanted to try a commission advance service, but the amount is more than they are willing to forward. This is why I have come back to the forum again and plead with the membership for some direction. I have 17 active listings in my system 4 (stated above) closing shortly. I have a dedicated accountant, an LLC I own and a Tax ID / EIN. I can provide a assignment agreement on my commission receivables, or however you would like to structure. Any advice would be wholeheartedly appreciated.

       

      Best Wishes,

      Justin