All Forum Posts by: Matt Brooks

@Craig Garrow Nice! Thanks for the education and the tips!

@Craig Garrow I’ll show my ignorance on Real Estate Brokerage- what does an Associate Broker do? Does this mean you are also a broker but do not own the brokerage company?? Thanks for the tips on the partnership/royalties.

@Craig Garrow I believe this is what he was actually working and thinking through as a possibility. As stated, the broker wants to work 10 more years and he would need five years minimum to get a brokers license. I am a rookie at investing and especially when it comes to any Realtor type business. Have you ever seen any partnerships formed like this?

@Frank Wong These are really great points! In essence, he could buy a brokerage company based on reputation but actually lose the team that built the reputation. Thank you!

@Russell Brazil Thank You!!

@Dan Kistler Thanks for the feedback. Again, this is for a friend of mine but I agreed to do some research for him. You made some great points here, thank you.

@Joel Owens Thanks for the feedback. He is not necessarily wanting to purchase now, nor does Broker want to sell now. They are both discussing what the future could be and a slower buyout process to meet both needs.

@Britt Clark My wife and I ran into this same scenario starting out. We also wanted to finance thru the LLC. I would suggest talking to local, independent banks and building a relationship. We also found that if you have solid credit and cash they are willing to be somewhat flexible on what they offer. Tell them what you are looking for, if it’s within reason they may work with you. Through our LLC on rental property we are currently closing on a triplex with the following loan criteria: 15% Down Payment 10 year fixed/30 year amortization 6% No PMI Good Luck!!!

Okay BP Team, I am asking for creative ideas! My good friend has an opportunity to buy a real estate brokerage office. Below Is the background of the office: Current Broker wants to work at least 10-15 more years. She wants to stay busy and needs income as well. This is an established local, independent real estate office with a great reputation. The town population is approx. 15k people and growing. This office was the #1 office in the town this year and has 6 agents. I do not have access to any of the financials. My friend currently does not have a real estate license meaning he is 4-5 years away from becoming a broker himself. From what i understand this does not keep him from ”owning” a real estate office as long as it works under a broker. My friend would also like to stay at his current job for 2 years to save money to buy the real estate office. What he and the current broker are trying to figure out is how could they structure a deal so the broker gets what she wants and my friend gains ownership? Is there a way to gain ownership over time, pay royalties, pay commission, etc. that could be good for both?? He understands the financials must work out but is simply trying to better understand how it could be structured. Thanks for the help in advance!!

@Patrick Bartlett Thank You!!!