Rental Property Investor · Savannah, GA · Member since 2016 · 49 posts · 18 votes
7y
@Roy Conney sounds like what you’re looking to create is an operating memorandum (OM). I would look at some sample OMs from brokers off of loop net for different commercial property types to see what is typically presented to buyers and how to format it.
Rental Property Investor · Savannah, GA · Member since 2016 · 49 posts · 18 votes
7y
@Roy Conney sounds like what you’re looking to create is an operating memorandum (OM). I would look at some sample OMs from brokers off of loop net for different commercial property types to see what is typically presented to buyers and how to format it.
Real Estate Consultant · Fayetteville, NC · Member since 2017 · 151 posts · 144 votes
7y
There are a few OM template websites out there as well. If you have the property under contract then you could potentially hire a broker to complete an OM for you. Overall if you are selling it make sure you know everything that YOU would want to know about purchasing a property.
Rental Property Investor · Stockton, CA · Member since 2019 · 19 posts · 2 votes
7y
@Tyler R.@Michael Glaspie thank you guys i will get on it, ima create an OM for the property and find a broker. would a broker help me find a cash buyer?
Rental Property Investor · Savannah, GA · Member since 2016 · 49 posts · 18 votes
7y
@Roy Conney what size of property are you talking? Most individuals/partnerships won’t have the money for all cash purchase, not to mention I’m not sure how many would be inclined to use all cash as it decreases your returns.
Depending on the broker’s relationships, in theory, that could be possible, but not likely.
Real Estate Consultant · Fayetteville, NC · Member since 2017 · 151 posts · 144 votes
7y
Ah ok. Are you looking to wholesale this property? Or do you own it yourself and you are looking to sell it? These are two different strategies. As a wholesaler, you can not hire a listing broker, but you could offer a broker commission based off of the sales prices and it would come directly out of your profit margin.
If you own it and don't want to have a broker list it, you can still offer a commission to any broker who brings you a buyer. That will greatly reduce your expenses upfront.