Need for using a buyer broker?

[Joshua Fass]

Hi BP team!

I am doing my first walkthrough of my first (potentially) Multi Family apartment acquisition! Super exciting, and I am being very careful to try to build the right team (attorney, CPA, etc..). Currently I do not have a Buy side broker. The apartments I'm considering are as follows: 3 buildings side by side, 26 residential units and 6 retail.

The seller is being represented by a broker, who has been really forthcoming and helpful so far. He has told me that I do not need to introduce a buyer's broker at this point and that the seller's broker could handle both sides of the transaction. I'm not so sure that is the smart thing to do...

Any advice would be GREATLY appreciated.

BR

Josh Fass