Updated almost 7 years ago on . Most recent reply
Moving to multifamily investment
Hi, I have an RE license. I wonder how does it work with purchasing multies (>4 units). Should I expect a coop comission during the transaction or only the selling broker gets %? How about the properties that did not hit MLS and are selling before market? Ive penciled out several properties, but it would be nice to know if I can be a buying agent for myself?
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Todd Dexheimer
#2 Multi-Family and Apartment Investing Contributor
#2 Multi-Family and Apartment Investing Contributor
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- St. Paul, MN
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Todd Dexheimer#2 Multi-Family and Apartment Investing Contributor
#2 Multi-Family and Apartment Investing Contributor
- Rental Property Investor
- St. Paul, MN
If you’re looking at buying larger multi-family, I would take your realtor hat off and deal directly with the listing broker with getting your commission. brokers want to “hog” the deal and will likely not favor you as much if your expecting a commission and competing against others.