All Forum Posts by: Michael Le

You didn't say what sort of real estate you do

Just beware that getting paid a finders fee for raising money is illegal unless they are properly licensed. Being on the GP side and compensated is okay, if structured properly.

Should be about 3.5-4% of total collected income for that size

My colleagues and I say out the acronym all the time. Different circles I guess.

Mine lists everything

My PSA always state that the DD period starts upon receipt of all agreed upon documents.

Talking to capital raisers I've seen their fee at 35%-50% percent of the GP equity stake if they raise all of the capital. If they raise a portion of it then that would be prorated.

Unless it was an off-market deal (email blast means it's not) or if you have it under contract already, I'm not sure why someone would give you a finders fee for being on a mailing list.

Too high and too many fees

Hey Holly,

I'll be there next weekend too. Hope to see you there. As for property management, feel free to reach out to me and I'll provide you some contacts.