Purchase price: $17,100,000 Cash invested: $100,000 190 unit apartment complex in Mesquite, TX

Purchase price: $4,630,000 Cash invested: $125,000 56 unit apartment complex located next to Baylor University in Waco, TX.

Purchase price: $12,300,000 Cash invested: $30,000 168 unit apartment complex in Greenville, NC.

I'm currently navigating the complex process of finding a reputable asset protection attorney with expertise in real estate.

Here is what one of my 4 AIs say:The commission structure detailed in the image for a real estate transaction involving a property valued between $30M and $40M is as follows:Under $34,000,000: 1% (0.50% per side)$34,000,000 - $34,999,999: $400,000 ($200,000 per side)$35,000,000 and above: $500,000 ($250,000 per side)To evaluate whether these commissions are fair for a 112-unit apartment complex valued between $30M and $40M, let's compare them to typical real estate commission rates for large commercial properties:Typical Commission Rates:For commercial real estate transactions, commissions generally range from 1% to 3% for properties valued above $10M.

Intellihost gathers data of the area and similar listings and will automatically adjust pricing for you in PriceLabs.

Being a landlord is far too complex, far too time consuming, and far too nuanced to do out of state even for many experienced investors, let alone just starting out.

That being said, most lenders will require at least two years of W2 tax returns to verify income and assess risk when granting a loan, so acquiring finance may be complex. 

Less risk if you use a data-driven approach, and a great way to get a feel for the numbers before you commit to owning.

Purchase price: $9,850,000 Cash invested: $100,000 96 unit apartment complex located next to Baylor University in Waco, TX.