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Updated over 8 years ago on . Most recent reply

User Stats

38
Posts
7
Votes
Joseph Davis
  • Real Estate Investor
  • Ogden, UT
7
Votes |
38
Posts

Utah commercial property

Joseph Davis
  • Real Estate Investor
  • Ogden, UT
Posted

Looking for someone to help me analyze a commercial deal in Ogden.  My realtor, who's awesome, doesn't have commercial experience so we are needing someone else.  

We are considering this property to either:

1. Finance & move our existing business to this location as it will significantly increase our space (much needed!).

2. Purchase as an investment opportunity either through financing or my self-directed IRA.

 PM me and I'll send you the details.

Most Popular Reply

User Stats

131
Posts
143
Votes
Steve Theobald
  • Real Estate Broker
  • Salt Lake City, UT
143
Votes |
131
Posts
Steve Theobald
  • Real Estate Broker
  • Salt Lake City, UT
Replied

Hi @Joseph Davis.  There are lots of agents who would love to do commercial, but don't have the experience.  It is a different beast from residential.  Just as a CPA or Financial Planner is hired for his expertise, a commercial real estate agent knows the nuts and bolts and all the nuances of commercial deals.   

I am great at finding residential flips and rentals, but I know my limitations as an agent.  I want my client to get the best advice and help for his particular situation.  Don't get sucked in by an agent who merely "dabbles" in commercial or hasn't done even one deal yet but talks a good talk.  If he or she claims they "needs a break" to get their foot in the door, then run.  There is too much at stake.  Find a true commercial agent.

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