Our Services
Trust In Experience
Welcome to Rick Baker Multifamily Investment Advisors. Thank you for visiting our website. Rick Baker Multifamily Investment Advisors is a division of Buyer’s Agency & Consulting, Inc., founded in 2003 to assist Real Estate Investors. Our purpose is to provide personal and professional multifamily advisory and brokerage services to investors and owners of multifamily properties in North Carolina, South Carolina and Virginia. Our multifamily investment advisors can act as your acquisitions & dispositions department or serve as an extension of your inhouse department. We are a trusted resource for our clients, who know we can help with their property evaluations and ownership decisions. We focus on developing long- term business relationships with our clients that are based on trust, confidence and experience. Let us prove ourselves to you.
If you are looking to purchase income producing multifamily properties in the Carolinas or Virginia, we can assume the task of locating properties that fit your criteria. This includes conducting financial analyses and physical condition evaluations of the properties without your having to expend the effort or expense. Additionally, we can provide you with advice and recommendations based on our local knowledge of the property and area. Our team members are located in multiple cities in our service area.
Advisor/Brokerage Services for Investors/Sellers:
Although we primarily function as a Buyer’s Agent, we also provide services to Owners/Sellers as their Advisor/Seller’s Agent. This is more of a secondary role for us as normally, the owners of the larger nicer properties prefer to list their properties with the larger National and Regional firms. They feel that they are getting more marketing exposure for their money because the firms are larger and cover a regional to national market. We disagree. As a smaller specialized firm covering only our local markets, we can provide a Seller with more of an understanding of the local market, a more personalized relationship and with just as much marketing exposure. National and Regional firms tend to market their listings first to their buyer data base and expose your property to the entire market only if their preferred Buyers are not interested. They also, in general, do not offer Buyer Agent co-broker fees. Both of these practices reduce the initial exposure of your property to the entire market thus potentially not obtaining the best price possible. This is done, in part, to eliminate the need to work with outside brokers and to reduce the need to split sales commission fees with another firm.
How does, Rick Baker Multifamily Investment Advisors work for Sellers? When listing a property for sale we first consult with the Seller to determine how much exposure the Seller wants their property to receive. In some cases, a Seller may request that presentation of the property be limited or done in an “off-market” manner. In this case, we restrict our marketing to our propriety Buyers list. In the majority of cases, however, we find that a Seller wants the maximum amount of exposure possible to increase the possibility of getting more and higher offers. In either case, we offer a Buyer’s Agent fee to all brokers to encourage them to expose the property to investors they may be representing. We also market the property on commercial information exchanges such as CoStar, LoopNet, Crexi and on our Rick Baker Multifamily Investment Advisors website. This gets us international coverage over the world-wide-web. If desired, we also conduct auctions or call-for-offers to expedite the offering process. All of this is done in strict confidence. We require any investor interested in your property to sign and return a Confidentiality Agreement prior to receiving any confidential information about your property. A copy of our Confidentiality Agreement is included under the “Forms” tab on this website.
As your Listing Agent Rick Baker Multifamily Investment Advisors owes its full fiduciary responsibilities to you, the Seller. It is our purpose and objective to negotiate the very best deal we can for you. If you are currently considering selling or you are trying to make a decision as to whether to sell now or hold a property for a later sale, we can:
Evaluate the value of your property and provide you with information on the local market and what you can expect if you decide to sell.
Provide you with cash-flow analyses, a Brokers Price Opinion (BPO) based on current local- market conditions, sales comparable, rent comparable, our local market knowledge, and comparative analyses of replacement properties, etc.
With this information we can help you with your decision to sell now and cash-out, sell now and replace the property or hold your current property until some future date. We can do this for you without your having to expend the effort or expense.
If you decide to sell and replace the property, we can market your property for sale in all customary manners, provide you with vetted Buyers and with locating and evaluating replacement properties.
We will prepare and provide to interested Buyers professional marketing material appropriate for the property.
We will assist and advise you in negotiations and we will always work in your best interest.
We will accompany you or represent you at closing on the sale.
After closing, if you desire, we can assist you with locating and purchasing an exchange property.
Compensation for our services will be discussed and authorized by you through a Listing Agreement if you decide to sell the property. Further explanation of Agency Relationships, a copy of a standard Working with Real Estate Agents disclosure, an Exclusive and a Non-Exclusive Buyer’s Agency agreement and a standard Listing Agreement are herein included under the “Forms” tab on this website.
Our home office is in Greensboro, North Carolina, located half way between the Raleigh-Durham-Research Triangle area to the east and the Charlotte-Mecklenburg Metropolitan area to the west. Greensboro is connected to these two major North Carolina markets by Interstates 85 and 40 which run in parallel through Greensboro. On a north-south basis, we are approximately 35 miles south of the North Carolina/Virginia state line and 75 miles north of the North Carolina/South Carolina state line. Our centralized location in North Carolina allows us to be boots-on-the-ground in any area of the Carolinas or Virginia within no more than four hours from our home office. Our team members are located in various cities and towns in our service area and provide local knowledge and experience for any investment you may consider.
How We Can Help You Make and Save Money!! Why You Need Our Services:
The Bottom line: We are Your Boots-on-the-Ground and our services may come at NO EXPENSE to you! That’s a hard deal to beat. Our role in most multifamily transactions is that of a Buyer’s Agent and Advisor. Having a Buyer’s Agent is important to you as this is how you can be assured that you will receive professional real estate representation that is obligated to provide you with full fiduciary responsibilities. You wouldn’t go into a divorce court using your spouse’s attorney and you shouldn’t purchase real estate using the Sellers Agent as your council. The Seller’s Agent is working to get the Seller the best deal possible, not you. This is your Buyer’s Agents responsibility.
But, you say, I’m an experienced investor and I can do this myself. “I” don’t need a Buyer’s Agent. Maybe you’re right. But, for minimal to NO EXPENSE to you, why not have a LOCAL professional educated and experienced in the area of your potential investment working in YOUR BEST INTEREST to get YOU the BEST DEAL possible. It only makes sense! In about 60% of multifamily transactions, the Seller or Seller’s Broker pays the Buyer’s Agent fee relieving you of this financial responsibility. Only when the Seller does not pay the Buyer’s Agency fee would you be responsible. And you will know this up front before you make an offer.
Advisor/Brokerage Services for Investors/Buyers:
What do you get from Rick Baker Multifamily Investment Advisors when you retain us as your Advisor/Buyer’s Agent? You get a team of professional multifamily advisors/brokers who are local, on-the-ground, educated in real estate investment transactions and experienced. To assist you with your acquisitions we will:
First help you locate properties that fit your criteria and business plan. These may be properties listed by other firms, “off-market properties” (those that are not listed or offered for sale to the public) or properties that are listed by Buyer’s Agency and Consulting, Inc. We will then help you determine the value of the property by providing you with a Broker Price Opinion, collecting and evaluating information on the financials and rent roll of the property, providing a multi-year cash flow analysis, and providing an initial opinion of the properties physical condition and deferred maintenance conditions. We will also research the area of the property and will provide you with market conditions, area rent rates, rent and sales comparable demographic information and any other information you require for your decision making process.
At this point we will advise you on other local professionals, if needed, that you may want to retain for legal or other professional services (inspectors, engineers, contractors, surveyor’s property managers, etc.).
If you decide to proceed, we will help you formulate an appropriate offer, prepare a Letter of Intent (LOI) to Purchase and negotiate with the Seller to get the best terms and conditions possible for you.
After acceptance of the LOI we will work with you, your attorney, the Seller, the Seller’s Broker and the Seller’s Attorney to prepare a Purchase and Sale Agreement (PSA) that covers the terms of the LOI.
We will assist you as needed during your due diligence period.
We will accompany you or represent you at closing on the purchase.
All in strict confidence and at potentially NO or minimal EXPENSE to you.