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15 October 2024 | 2 replies
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.
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16 October 2024 | 9 replies
How fast do you expect communication?
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17 October 2024 | 14 replies
In a former life this was fairly common but I would have it paid to escrow and then credited off my origination fee, if that makes sense.
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15 October 2024 | 3 replies
When operators mention employer names or area amenities, they should look at where their actually tenants work and pitch that vs just big name companies whose employees might not ever live in the building.They always pitch no capital calls, but will be interesting to see how investors fair after inhouse loans will be paid off to the properties they needed to do that with.
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14 October 2024 | 3 replies
I don't know if the builder will communicate to the county that its 2050 sq ft house and if I put it as 2233 sq ft, some renters might think I am misleading them.
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14 October 2024 | 2 replies
Just be mindful to communicate what your thinking to the seller long before you show up with either one.
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16 October 2024 | 17 replies
@Caleb L.I would say it is fine, so long as your job is not just to find a property for an investor by middle man communications between a broker and the investor for a small payment (pretty much what a broker does).
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12 October 2024 | 5 replies
The #1 complaint about agents and PM's is communication.
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16 October 2024 | 4 replies
I'm curious about the proper legal structure and business types one should use to minimize personal liability as well as remain fairly anonymous to the general public.
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8 October 2024 | 22 replies
Did y'all get the VRBO email on their new Host Communication policy and with it, sale of property?