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15 October 2024 | 8 replies
Why we build the same floorplan over and over again:1) Easier for Trades and Faster Build Times: Our trades have been working on the same layouts repeatedly, so they have become more efficient.2) Less Mental Space for Decisions: We don’t spend too much time deciding on which floorplan to build, we focus our time on growing the business and serving our customers.3) Best ROI based on Square Footage: The floorplan we build gives us the best return on investment.
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15 October 2024 | 6 replies
1) LTV - seller doesn't want to you claim at last minute that you didn't get approved for a 10% NOO loan, so can't close and you want your EMD refunded.2) PMC Holds EMD - PMC needs to be a licensed RE broker to do this.
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16 October 2024 | 6 replies
Additionally, if we open a LLC to manage our own properties, do I need to hold a broker's license in KY to do this legally?
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16 October 2024 | 6 replies
While I have a Broker license, I've don't do any buy/sell transactions.
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18 October 2024 | 8 replies
This would definitely require some negotiation with the lenders involved, so working with an experienced mortgage broker might help here.
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14 October 2024 | 3 replies
They also have amazing customer service which makes the monthly payment model worth it for me.
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16 October 2024 | 5 replies
@Jose QuinonesIf it was me, and I never wrote a commercial lease, I would engage a commercial broker and let them write up a lease for the unit.
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16 October 2024 | 7 replies
I'll be looking for:tax returnsbank statementsany invoicesutilitiesWhat should broker provide?
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15 October 2024 | 2 replies
For properties valued between $30M and $40M, the commission rate tends to be on the lower end of this range, often around 1% to 2%.Some brokers may also opt for a flat fee structure, which can be advantageous for high-value transactions.Comparison with Provided Rates:For a property under $34M, the commission is 1%, which aligns with the lower end of typical commercial real estate commissions for high-value properties.For properties between $34M and $35M, the commission is a flat $400,000.