Let's Talk
Can we talk deals? I feel like most of the posts on here are some form of Career Advice. Instead let's share some battle stories, I'm thinking big deals /small deals/asset type/commission size gross or your cut some time in the past 6 mos

I'll go first-big deal 15,000 SF of Office = $200000 Gross Commission. Smallest deal Executive Suite $1400

Your turn
[{"id": "de578tl", "text": "Did a 2 day turn on an appraisal due Christmas Eve one year for 30k.  It was an easy report, but in the middle of the bakken oil field.  Banker needed the deal to close before end of year to hit his bonus, so he paid the fee out of pocket.  \n\nWorst appraisal was a Buddhist temple with dormitories in an urban area zoned for commercial use.  It was ridiculously ornate. Took forever to do because of highest and best use.  Also, when I renewed my license the appraisal board asked for that one as a review sample.  I think the board felt bad, they had no comments on that one.", "replies": [], "depth": 1}, {"id": "de59n32", "text": "I've sold deals of all property types in every major metro area. If anyone has a request for a specific property type or area let me know and I'll share some insight. CRE deals I've brokered have ranged in price from $120,000 to $40,000,000+.", "replies": [{"id": "de6k9c6", "text": "How about the Chicagoland area?", "replies": [{"id": "de6wxfb", "text": "Only worked sub 1.5M deals in Chicago. Both owners stood out for their shadiness. Get a feeling that might be a thing with smaller time CRE owners in Chicagoland.", "replies": [{"id": "de6xd42", "text": "Would you care to go into more detail, or at least what asset type? I know some genuine people here, and there's shady folks everywhere. I appreciate the response.", "replies": [{"id": "de6xjbf", "text": "Retail properties. One guy sold a 4 unit convenient store anchored retail property where the c-store took up about 60% of the sf. Had a sweetheart lease but not much recourse if tenant broke it. Basically the Cstore went out of business and owed the seller a bunch of back rent before we got the listing but the owner placed his daughter with a different last name as the owner and operator of this cstore. Seller accepted the inventory of the cstore as some payment to the back rent. Seller didn't even disclose to the broker that this was case. As soon as the property sold and closed his daughter with a different last name broke her lease and left. ", "replies": [{"id": "de6xnzc", "text": "Interesting, I'd say that classifies as shady. Unfortunately people like that exist. It's up to us to to weed them out. That would never fly with a bigger, more established company.", "replies": [], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}, {"id": "debwr0x", "text": "Anything in Denver? ", "replies": [{"id": "dec5caw", "text": "Sold an $8M office in Lakewood. Only takeaway from that deal was that office property prices and rents in the outlying markets are not experiencing the same bump that metro Denver is seeing.", "replies": [{"id": "dec667o", "text": "I would agree with that sentiment - specifically the West submarket you are referring to. I am in the Office market - my firm leases and manages over 30 office products across Denver Metro including one asset in Lakewood. Do you mind me asking which asset it is? Do you have a relationship with the current owner? ", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "de66kq8", "text": "I'm a real estate lawyer in Houston, Texas.  Client tells me he wants to buy a property near Houston that would be perfect for his dealership, and he is willing to pay Seller's asking price in cash.  My client has an agent, who has been trying to make this happen with no success.\n\nBoth agents are frustrated -- Seller has already received an offer from a very large company's subsidiary (\"Buyer A\"), which owns the adjoining tract, but Seller's lawyer isn't moving on it or on my client's cash offer.  So nobody can get a contract.\n\nBuyer A is represented by an enormous New York law firm, which isn't getting anywhere.  Seller's lawyer is an older guy who has a general practice in a very small Texas town.  Buyer B asks me to negotiate a contract with Seller's lawyer.\n\nTurns out Seller's small-town lawyer doesn't understand  the internet, nor does he use email. He has a secretary, so why should HE have to learn to use a computer?  Meanwhile, his secretary does not know how to use MS Word's Track Changes feature.    He never says, but I gather he was intimidated and annoyed by Buyer A's New York lawyers, who apparently had no idea how to deal with him.\n\nSo I build a rapport (I have family from another small town near him), refrain from patronizing him, and tactfully walk his secretary through the Track Changes so we can exchange redlines.  We get a contract and close less than 45 days later.  The New York lawyers never even learned there was a competing offer until we closed, and I have no idea how their client is going to expand operations now that the adjoining tract belongs to my client.", "replies": [{"id": "de6nhlz", "text": "This is fantastic. ", "replies": [], "depth": 2}], "depth": 1}, {"id": "de6r7zj", "text": "First time investor. Bought 12,000 SF warehouse/retail for $550K. Had a couple leads on tenants but couldn't sign anything for two years. Went through two different real estate agents before I fired them and decided to get a tenant myself. Finally got a tenant for a five year deal.  At the end of five years (seven in total) I should have $450K in revenue.", "replies": [], "depth": 1}, {"id": "de6rx9s", "text": "Okay, I'll give this a shot. First deal I ever did. A broker came to me and told me about 9 acres in a hot market said we could buy it for $3 psf.  Total cost was about 1.3 million. I raised $1 million from investors abs had the owner carry 300k. \n\nI had the 300k covered with a user for 1 acre. That left me $1 million for 8 acres. I subdivided and made the 300k buyer bring utilities to the whole site. 3 months later, a buyer came in and paid $1.8 million for 8 acres. I returned my partners 60% roe and pocketed 130k from my sweat equity. The market crashed 6 months later. Barely got out. Still the largest return on a deal I've ever done. ", "replies": [], "depth": 1}, {"id": "deafhl8", "text": "I have two multifamily properties that should be going under contract this week. (420k and 263k, Omaha, NE) and looking to share information to investors/agents who might want a referral fee if I represent their clients in my market, on some larger opportunities going on in my market. ($500,000 to $5+ Million ranges from Retail to Multifamily/Hotel)", "replies": [], "depth": 1}]