No. of Recommendations: 1
Listened to another realtor pitch today.
I still scratch my head on why do a buy and sell.
Sell 1.6mil in property to purchase 20% down on new property.
RE fee for sell 6% or $96k. Other fees too.
Then purchase $7.5mil property. RE fee 4% = $300k.
propery return after debt service is $210k.
Why not invest in tax free munis or something.
It just rubs me that the deal maker gets two years of my income.
Then I wonder if this guy is doing so good at selling, why isn't he buying this stuff himself.
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