Updated about 5 years ago on . Most recent reply
Do I use a realtor friend on my first rental property?
I have a 7 unit property I am inquiring on directly, asking questions my banker has advised. Should I bring my realtor friend in on it if I am doing all the leg work? This is my first rental inquiry and my realtor has only helped me close on my personal residence. I don't know that he would have much to do on it--seems like he would just get a commission hook up. But for networking purposes with my realtor friend, is that better than letting all commissions go to one realtor I don't know? Thoughts?
Most Popular Reply
Most likely, no, @Katie Rawls. The vast majority of RE agents don't know the first thing about investment properties, let alone commercial multi-family. Best to find an agent or commercial broker that knows what they're talking about.