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Updated over 4 years ago on . Most recent reply

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Craig Choksey
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6
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Finding Owners of Commercial Properties

Craig Choksey
Posted

Hi Everyone! I came across an investor that is looking for a specific type of commercial property in the north east (NY,NJ,MA etc). He is willing to give me equity if I can just source the deals. I have a list of 150-200 addresses that potential fit the bill but I'm not sure how to go about finding the owners and getting all the potential details since these are all commercial properties. Should I partner with a commercial agent in some way since we would probably need one to close the deal anyway?

Any suggestions (or agents interested) would be appreciated!

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Chris Coleman
  • Rental Property Investor
  • Washington, DC
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Chris Coleman
  • Rental Property Investor
  • Washington, DC
Replied

@Craig Choksey check out Open Letter Marketing. If you have the addresses, they can do skip tracing for you and find the owner information. You can then contact the owners yourself or hire them to help do it.

You didn’t specify what type of commercial property it is, so I can’t say exactly all the information you should ask for. But at a minimum, you want to ask for the most recent 12 months Profit/Loss statement, broken down by month if possible. You need to be able to see all the Revenue, Expenses, and Net Operating Income. You also want a list of currently leased Tenants, or Rent Roll, if it’s rental property.

@Jake Soper

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