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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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14 October 2024 | 2 replies
Hello BiggerPockets,I’m Jess, and I can't wait to get involved with this community.
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17 October 2024 | 20 replies
Heck, we see it on the forums (and in social media) all the time and it does not even involve big words.
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15 October 2024 | 6 replies
Hey your agent involved to get answers to the questions and speak directly with seller / sellers agent
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15 October 2024 | 9 replies
That said, since I'm not actively involved in it myself, I may not be the most credible voice on the topic.
10 October 2024 | 0 replies
This method involves you identifying homes in your preferred areas and physically knocking on doors to express your interest in buying.
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17 October 2024 | 26 replies
I'll look through my old records as I was involved with other discussions about this.
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15 October 2024 | 9 replies
If so, can anyone in this market give me any examples of recent deals they have been involved in which hit the 2% Rule?
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15 October 2024 | 24 replies
That is the size claim where I would want one involved if it were me.
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14 October 2024 | 3 replies
The IRS uses material participation tests to determine if you are actively involved in an activity.