Retail Investor from Orlando

[Josh Calcanis]

BP,

I met a local commercial RE investor this morning for breakfast and was intrigued. I went in with an open mind and honestly to gain advice on how to move forward with my current portfolio. Although, he had positive things to say about the multi-family market in Orlando, he stated that he was more than happy to allow me to review some of his past deals to learn and possibly get involved on the retail side in Central Florida.

One thing that really grabbed my interest is that when you find a deal, you can approach specific companies, let's say CVS, and have lease signed before moving forward. I understand there are other risks in this niche market, but I feel that's is more of a positive.

Can some BP members familiar with the commerical/retail market share some of the more important/maybe obvious differences between multi-family (less than 4 units AND 4+) vs retail.

For example, 90% of the time in multi you are going to find tenants AFTER the property is financed where in retail you can find a deal and sign a lease prior to closing.