Just finished a property sale.

I am a former interior designer and did a great deal of work staging homes for sale.

Some lines they will say have been "cut" but they put in a disclaimer on all sales that they don't know if a line might be cut.

The combined transactional costs alone between the purchase and sale are going to be north of 10% of the transaction value.

We see fundraising wrapping up within the next 2-3 weeks.We're going to begin to put together pre-sale marketing collateral and contracts towards the end of this week.

I have attended plenty Padsplit events and talked to my Account Executive (AE) and some veterans from Padsplit (the real expert, not newer sales person), and some Padsplit investors who own them and love them. 

If I did my math correctly, on a 3,600 SF triplex where you buy the land for $150k, you generate a gross profit of about $84k (based on a $140/sf build cost and sale price of $205/sf), before you pay interest on any borrowed funds or closing/commission costs.

However, I cannot speak to apartments, as this depends on the individual complex.Additionally, we are finding a small number of properties for sale where the seller is willing to contribute to the buyer's closing costs.

I’m surprised they were dumb enough to jack the sales price up 70 K above retail.

You make a commission off the sales and they provide the leads, systems for you to work.