BlackRock makes their money before anyone else does. ㅤ They raise $200M, go buy $200M worth of assets, and immediately collect a 2% acquisition fee. ㅤ That’s $4 MILLION… Before the deal cash flows. Before appreciation. Before investors see a dime. ㅤ So do they care if the investment absolutely crushes it on the front end? ㅤ Not really. ㅤ Institutions play a different game than average investors. They get paid for control, structure, and fees. ㅤ Once you understand how the big players get paid, you’ll stop chasing returns and start building deals where you win on the front end too. ㅤ Comment "INVESTOR" for the full breakdown on youtube. ㅤ #blackrock #investing #realestate