Mon Ami Realty has purchased over 100 properties in the last 12 months and expect to own over 500 properties by 2024.
Agents receive listings from Mon Ami Realty’s portfolio of 200+ properties across Chicagoland.
Our agents can partner on acquisitions with Mon Ami Realty and start building long term wealth immediately.
Brokers have a built in cash buyer, so our sellers always have a no obligation, cash offer in hand.
Mon Ami empowers its agents to purchase investment properties of all kinds in partnership with our fund.
The Mon Ami Residential Broker will find a profitable deal and have it vetted by the fund’s Acquisitions Manager. The fund will then submit an offer with the broker acting as the buyer agent. The broker has the ability to participate using a combination of the commission earned plus added funds. The broker then becomes co-owner of the property alongside Mon Ami Realty upon closing.
The broker will bring 10% of the total cash to close through a combination of the commission earned plus added funds.
Per cash flow and eventual sale, both the broker and Mon Ami receive a per annum 15% preferred return until their capital is returned. After the preferred return distribution, the broker receives a 20% distribution of any profits. Therefore, the broker would receive a higher ROI partnering with Mon Ami then they would investing on their own.
For example, Mon Ami and the broker purchase a $900,000 property with a mortgage of $675,000 (75% LTV). Of the remaining $225,000, the Broker invests $22,500 (10%) and Mon Ami invests $202,500 (90%).
The broker would collect a buyer broker commission as typical. If they received a 2% co-op commission, or $18,000, then they invest only an additional $4,500 out of pocket.
Per cash flow and the eventual sale, both partners are paid a per annum 15% preferred return on their investment until returned.
Therefore if the the property ongoing had $0 remaining cash flow after expenses but is sold for a $150,000 profit one year later for $1,050,000, the profit split would be the following:
15% preferred return on $225,000 (15%*$225,000=$33,750) distributed 90/10.
The broker would receive 10% of the $33,750 or $3,375.
The remaining $116,250 profit would be distributed 80/20. The broker would receive $23,250.
Additionally, the broker would receive their sales commission. At a 2% commission, the broker collects an additional $21,000.
Therefore the broker’s profit on their $4,500 investment after initial commission would be $3,375+23,250 +$21,000 or $47,625 in addition to any earned leasing commissions during the year.
Properties across all asset classes and price ranges qualify. We differentiate ourselves by not limiting our investments to a specific asset type or location. By doing so, we continue to find opportunities and build a diverse, ever-expanding portfolio.
The broker receives the right of first refusal for all leasing and property management. If the broker acts as a leasing agent, they will receive additional commission for their services.
Mon Ami Realty has an in house property management team that can manage all ongoing repairs and maintenance so brokers can focus on their clients. However, the broker has the choice to self manage the property and collect an additional property management fee.
