How-to Commercial Wholesaling

[Ana Ngon]

Hey everyone!  I have been growing interested in pursuing commercial wholesaling but I don't know where to start. 

How can I as a wholesaler create a comps for commercial property?

Can I use the same contracts as I use with residential? 

Will the same formula of .65-.70 of the ARV apply?

I appreciate all responses to come! :) 

[Yoann Dorat]

@Ana Ngon Commercial properties are evaluated based on financials (or proforma) and not on market trends like residential is. Even though it's possible to wholesale commercial assets (we do a few of these every year), the sellers and buyers are usually more sophisticated. You will have a hard time convincing them if you don't know how to underwrite a deal (or even better own a few units yourself). My advice would be to start with residential and once you sharpen your skills you can graduate to commercial.