Hire or not hire a commercial broker?

[Mike Szabo]

Hi everyone,

I wanted to get some opinions about a multi family property I am going to pursue.

My wife and I own 8 properties but the only “Multi Family” in that portfolio is a duplex. I am also a real estate broker but I sell mostly single family homes and have only dealt with duplexes and other very small commercial properties. I feel pretty informed in the process. I have read multiple books and listened to a lot of podcasts. However, at the end of the day, I don’t know what I don’t know.

With that said, if I were wanting to purchase a 12 unit apartment complex, would it be smart of me to hire a commercial broker?

I would love to go solo and be able to take the full commission. I would then use that money towards improvements in the property. I just don’t want to miss learning from a commercial broker and don’t want to make mistakes that could otherwise be avoided.