Yes John I specialize as a commercial broker in multifamily.Residential is 10% but can go up to 12 to 13% if you are buying in a war zone that will be a headache for the PM company to manage.Multifamily if you just have a duplex,tri-plex,or quad the rates typically stay around 10% unless you go for ala carte type services which I don't recommend.50 units or more in one development usually the rate is 5%,under 50 units to 20 is about 6 to 7%,under 20 down to 4 ranges from 7 to 10%.These are not set numbers just what I see.It also depends on not only the number of units but what you are purchasing.If an existing management company stays on they might give you a deal but depends on how they performed in the past from the seller you are purchasing from if you would want to keep them.Also a factor is location and if the facility is turn key and fully performing.If the building needs turning (half-filled) around or is completely vacant there will be extra costs by the PM to get it performing again besides the regular percentages.Anything 5 units or over is commercial lending.Hope it helps.

"fluffing" is a term used in the adult industry - and while its certain some people expect an agent to perform this service in the course of a deal, it isn't a subject that is taught in re school, nor does the term appear anywhere in the code of ethics.

If the note is non-performing out of a bank your due diligencs will be different from buying a note granny has from the sale of her home.

In a typical subject-to deal, there would be a contract or agreement, and the seller's only remedy would be to sue for performance or for loss from his buyer's failure to perform.

Not really sure why, but it is one of those hidden expenses that can drastically effect the performance of your properties.You are smart to be keeping a close eye on it every year.

Hi Thomas,That's a very vague question with multiple answers.There are areas that cash flow only , appreciate only, and then some areas have a mixture of the two.There are totally vacant buildings for rehab, value add semi -performing , and fully performing properties.

Would be interested in hearing how the real estate market is performing in Cincinnati and if commercial is experiencing robust growth.

I just found that Smart Move does not perform rental history check or Employment verification check.

That is a caution to the creative minds out there.As opposed to a sale contract where both parties are obligated to perform, an Option is, at the election of the Optionee, they are not obligated to perfom any function or act.A contract that is contingent on performance of the optionee is not a true Option Contract.

How many calls have you received from borrowers who needed last second money because another lender flaked out and didn’t perform?