All Forum Posts by: Keith Miller

I've got a question that I'm hoping you weigh in on. I'm a realtor here in Missoula, and I'm planning a large subdivision project with a partner of mine in nearby town, we'd be selling roughly 200 homes. I am an agent, but a relatively new one, and so I'm hoping you can help me think this through and offer some advice. 

With each home selling for around $250K, the selling commissions add up to $1.25 million (at 2.5%). That's a pretty sizable chunk of money, so my partner and I are trying to think through the best way to structure the selling process, and I'm wondering what you'd do in my shoes. We've considered the two options:

1. Bringing the sales "In-House" into our company, and I would earn the commission. Then, I'd hire a full-time salesperson to be on the ground, who we'd ideally pay a commission to.

2. We sign with a local broker, and negotiate a smaller commission.

Do you have any recommendations for which option to choose? Just looking for advice here, any thoughts are greatly appreciated!

Well we're still in the early stages, but we're hoping to build workforce housing to address the lack of reasonably priced new homes. Still haven't locked the land up yet though, so we'll see!

Welcome Trish! I'm a big fan of PBurg, working on a land development there actually. You've got a great home turf!

Welcome Chloe! Where in Montana are you? 

Our speaker this month is Tim Netzley, who is the lead inspector at Inspect Montana. He is a Certified Master Inspector (CMI) through InterNACHI for both Residential Home Inspections and Commercial Inspections. Tim has specialized in property inspections since 2001. He will discuss when a phase one inspection should be ordered, typical issues that investors come across. In addition, Tim is an investor himself, and will discuss what he has invested in, the lessons he learned, and takeaways for the group.

The Missoula Real Estate Meetup has three main goals:

1. Learn more about the Missoula Market

2. Make authentic connections

3. Share strategies and information

As always, there will be no selling of any products or services, and it's always free to attend.

We meet the third Tuesday of every month at the Highlander, at 6:00 PM. We usually have 30-40 attendees.

We have a new sponsor for the Missoula Real Estate Meetup, Burnich Cabinets! Burnich Cabinets sources from national cabinet manufacturers to meet project budget and finish requirements. They also have a range of countertops from post-form laminate to custom tops. They've installed cabinets for projects ranging from high-end custom single-family to 600 units. Feel free to visit our showrooms at 200 Raser Dr and 3645 Hwy. 200 East.

https://www.burnich.com/

Our speaker this month is Zack Backes. He is a successful investor whose company has acquired well over a hundred units in the last three years. He will explain how he got his start, what strategies he's seen successful in Western Montana, and what opportunities he's seeing in the current market. He will also answer questions from the audience.

The Missoula Real Estate Meetup has three main goals:

1. Learn more about the Missoula Market

2. Make authentic connections

3. Share strategies and information

As always, there will be no selling of any products or services, and it's always free to attend.

We meet the third Tuesday of every month at the Highlander, at 6:00 PM. We usually have 30-40 attendees.

Definitely a great place for a buy and hold, that will appreciate nicely over the next ten years for sure!

I'll keep an eye out for you! Any interest in Great Falls?

Our speaker this month is Colin Rimel. Colin is a successful investor, agent, and developer. He will share his insight into the current state of the market in Missoula, as well as the investing strategies that he is seeing be successful. He will also answer questions from the audience.

The Missoula Real Estate Meetup has three main goals:

1. Learn more about the Missoula Market

2. Make authentic connections

3. Share strategies and information

As always, there will be no selling of any products or services, and it's always free to attend.

Our speaker this month is Nicole Rieker from JCCS Services- (Note- This is the 2nd Tuesday of November)Nicole is a highly recommended CPA that works with a variety of real estate clients. She will discuss common issues that she sees real estate investors facing, cover the details of 1031 exchanges, and answer questions from the audience.

The Missoula Real Estate Meetup has three main goals:

1. Learn more about the Missoula Market

2. Make authentic connections

3. Share strategies and information

As always, there will be no selling of any products or services, and it's always free to attend.

We meet every month at the Highlander, at 6:00 PM. We usually have 30-40 attendees.