The value that your wife is bringing to the table is actually easier to convert into a percentage of ownership in the deal because you should have a pro-forma and financial projections for the deal and the commissions that she will not charge actually have a dollar amount that is easily calculated based on the numbers you are projecting.Our business model is based on syndications for large multifamily properties where we bring equity from our investors as limited partners and we participate on the general partnership side of the deal alongside our operating partners (which in your case would be the builder).

Pro Forma here.https://drive.google.com/file/d/1k1gVsjRPaDbjUtq8-7Np59a3DOeubLbj/view?

Hi BP!I acquired an absolutely beautiful 2 family in Brighton back in February, but I have a bit of a problem...The house has exclusively electric heat.  There is zero gas or oil running to the building and each unit ...

@John Ross ValderamaI hope for your “partners” sake that he has a great lawyer to guide him through this.From what you described, unless your plan is to royalty screw him over, you guys should form a partnership. 

After reading about the requirements for earning this license, I'm still a little confused about the requirement to be sponsored by a licensed designated broker.If I am working alone, not joining a firm, does that mean I need to form a legal entity and then file to endorse myself as the firm's designated broker?

Move in the 16 to 25 unit buildings Caps are around 7 to 9%Now do keep in mind the Caps provided by the listing agents are often on pro forma...which half of the time is usually BS 

I am waiting for a response form a local lawyer, but I don't want to get screwed for not knowing all available options.

@Julio FernandezI would attend some local real estate meetups in your area and try to form a relationship with one of the private/hard money lenders there. 

.$1,350.00MONTHLY INCOME$1,073.48MONTHLY EXPENSES$276.52MONTHLY CASHFLOW7.51%PRO FORMA CAP$11,270.00NOI$34,000.00TOTAL CASH NEEDED9.76%CASH ON CASH ROI7.51%PURCHASE CAP RATE

The expenses the buyer will have can be wildly different than the sellers.I see sellers sometimes claim 35% opex in pro-forma.