All Forum Posts by: Omar Khan

It's a free country and if a broker wants to split a commission, who am I to get in the way? But more often than not, investors who involve a buyer's broker get put on the back burner and are used as a last resort for the reasons I've mentioned above. 

You should try, maybe you get a commission... but the big brokers don't play this game.  

In the commercial world it is not normal. Big difference between SFH and large multifamily - night and day.

No serious listing broker is going to want to split their commission. I am talking from experience having worked on multiple deals and having deep relationships with major brokers. 

@Kate J. No one likes to split their commission. You can try the path you're going down but most serious brokers will either not do business with you or only do business as a last resort (which should be a cause for concern anyways). 

@Max Ball I would like to say both (@Todd Dexheimer) but if I had to pick one, I would purchase a property in an area that is about to grow/gentrify. In non-gentrified markets, rents can only increase up to a marginal amount regardless of the value-add. In heavily gentrifying areas, rent growth can be exponential for many years. This also results in non-renovated units fetching higher rents for years on end. 

In other words, you get to enjoy rising rents without doing any value-add. That's the holy grail!

@Wakes Andre Depends on your job and how much additional work you're willing to do. Buying a rental property is not the be all and end all of real estate (or any investing). It is a PITA and can be a major inconvenience. 

If you have a reasonably low interest rate on your mortgage, don't ever pay it down quicker. You can invest the money in a higher-yielding asset to make more money long-term.  

@Jeffrey Mcintyre Traditional PE shops have a high degree of reliance on bridge or similar loan products. This is because they are not long-term holders, max. holding time < 5 years. 

@Gwyeth Smith Would be helpful if you provide us with examples. Others can chime in to assist. I didn't have issues with the ones I looked at - seemed simple. Obviously, I didn't see ALL the reports or all versions. Maybe your PM does it in a peculiar fashion.

@David Smith Loopnet is a graveyard especially when the market is hot like these days. MLS isn't as bad as Loopnet but pretty close. Best bet is still brokers. There's a reason why the smart ones are driving a Bentley.

@Paul Gill RBC will not be lending on cross-border commercial properties unless you're a solid corporate client. In most cases, they will shy away from investing on investment properties as well (barring a vacation home). 

You will either need a solid balance sheet and impeccable bank relationships or, ideally, work with an American citizen/partner with experience who can facilitate you on the lending side - agency or conventional. This partner will be bringing the net worth and liquidity if you don't have it. 

@Chris Mason You are one solid professional. If it was me, I wouldn't be able to control my laughter. Good on you, sir!