K**i
发帖数: 244 | 1 同事要投资一个公寓20来户,他做managing member，在找passive investors。我计算
感觉还是有赚头。但是条款里有两项费用觉得太高了。一个是，房子买下，他按照买价
收1%的success fee。然后五年后refinance再收一次这个fee。感觉不太合理，因为开
始收费可以理解，人家毕竟付出n多时间和精力。但是五年后如果房子贬值，大家都亏
，就他一个人提现？打算建议他该条款，怎么改合理呢？
另外除了这每次买卖refi的success fee，他还要抽net cash profit的20%。这个是
standard的吗？感觉这个deal就是managing member的提款机啊。
他有十年自己管理自己的投资房的经验，家里人也是搞这个的，很多资源。我怕麻烦，
觉得这样比存银行稍好点。就是对这种投资不太熟悉，有什么经验可以分享吗？谢谢！ | j***1
发帖数: 158 | 2 the #1 problem why most of the group projects fail is, trust.
if you believe and trust the general partner then do not question his
credibility, if you think the general partner do not have the background and
credentials then DO NOT invest in him.
1. 1% finder's fee is normal
2. management fee can either be 4% of total collection or 20% of NOI.
3. refi fee, if non-recourse should be no fee, if recoursed, 1% is ok.
Multi family refi, if under 2mil its not worth really not worth it, fees can
be as high as 7-10% and then monthly mandatory reserve is required per bank.
a 20 units complex is relatively small, but again depends where it is, in
midwest at most be 500-700k, but coastal area can worth millions.
the rule of thumb for MFU, I use .65 as a factor, if the rent roll of this
property is $10,000 a month, the property shall worth $650,000. | c******z
发帖数: 1230 | 3 抽net cash profit的20%，他这样才有动力 提高收入、减少支出，挺好的。有些地方
的管理费是毛租金的8-14%呢。如果想省事省心，回报率就肯定要低了，省事省心的NNN
的商业地产回报率5-6%。 |
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