All Forum Posts by: Jay G

Hi everyone,

I’m interested in purchasing commercial real-esate for a long term investment. I’m a complete novice to this industry and looking for assistance in what particular questions should I start asking my commercial real-estate agent?

Here is a property I’m interested in http://www.loopnet.com/xNet/MainSite/Listing/Profile/ProfileSE.aspx?LID=15551597&linkcode=10850&sourcecode=1lww2t006a00001

Any thoughts?

Jay

Hey Gents,

Well, I have a meeting scheduled next week with my commercial real-estate agent who is a Certified Commercial Investment Member (CCIM).

At this point I’m unsure how to approach this gentlemen, he’s obviously going to know I’m a complete novice once our discussion begins, but I don’t want to leave that door open for him to take advantage of my lack of real-estate knowledge.

I know what monthly payments I can handle comfortably if a tenant moves out. I'm a little unsure of how much ROI I should look for? (Monthly Payment = $1500.00 with a 20-30K down payment, up to 70K if needed.)

Questions:

1.) What type of ROI do you typically look for. (Obviously this going to vary per project)

2.) How do you research growth in population, jobs, and economy? (Web-sites? Should my agent have access to this information?)

3.) Could you provide a few exit strategies that you’ve used in the past?

4.) Can someone recommend good literature on commercial real-estate investing?

For those who invest in commercial property, what are your requirements when choosing a location. (I.E ROI, Short/Long term Goals,etc,etc)

Does anyone have a due diligence list they follow?

If anyone has reading material regarding commercial investing, please advise?

Thanks!

Jay.

Well, as far as what type of invest property I’m looking for my landlord advised upon Industrial. However, that is a biased opinion, since that’s where his success has been. He currently owns several building in an industrial park; he caters to tech start-up companies.

Capital equates to 100K liquid. So I can afford to put 20K down, but I also should bring to your attention I’m currently looking for a house to settle into. Nothing fancy, something I can spend the next few years fixing up.

I would prefer the keep my real-estate investing local. Cocoa, Fl has been growing quite rapidly over the last 10-15 years. Tech companies are moving in, we have several large tech companies locally, such as Northrop Grumman, Harris, Lockheed Martin, and NASA.

Please keep the questions coming this is given me some direction.

Thanks everyone.

Hello everyone,

I’m seeking advice on commercial real-estate investing. This week I spoke with my current (commercial) landlord about investing. While conversing about the current status of the economy and how volatile the stock market is, I proceed to ask how are you surviving through these hard times? His answer, diversification.

This weekend I meet with a lender to determine how much of loan I could take out for purchasing a commercial facility. I felt comfortable with a $200,000.00 investment in case a tenant moved out and it took several weeks to find another one.

I’m not looking to get rich off my first property; I’m interested in creating some residual income and equity, so in 5-6 years I can repeat the process. If any veterans would like to share some insight for a complete novice, I would greatly appreciate.

Thanks,
Jay.

John,

Thanks for your reply. I tried e-mailing you at [email protected] in regards to the manual. If you get time could you PM.

Also, if anyone else has suggestions on commercial real-estate investing reading material, I would greatly appreciate it.

Thanks!

John,

My uncle started with commercial property. I believe his first purchase was (1) medical office and from there he just continued to grow.

John, I completely understand and I’m willing to put as much as need. Perhaps I conveyed my theory the wrong way. What I would like to do is purchase a commercial property for X number of dollars. After I build up equity in property number one, I would like to leverage my first property to purchase me second with additional money down.

I’m completely new to this game, so I’m looking for any advice in the commercial industry. My uncle was a commercial real-estate mogul and I'm just wondering what steps I can take to start a similar process

Thanks for the feed back John, have a great evening.

Good Afternoon Everyone,

I’m sure this question has been asked several thousand times, by Robert Kiyosaki fans, but I’m inquiring because I watch my uncle when I was younger purchase large commercial building and rent them out, unfortunately he’s not around anymore, so I can’t ask him “how he did it”.

As I stated before my uncle bought and rented out commercial property for Passive income and taxes purposes. I wish to do the same, unfortunately I have no expertise in this industry and I’m seeking guidance. (Any recommendation on seminars, books, audio tapes)?

This is my first investment into the commercial market; I have nearly 80K to invest. In hopes of not using all of my capital in my first investment, I would like to use some to purchase my second commercial property while leveraging my first purchase.

If any experienced commercial developers/manager could share some enlightenment on this subject, it would be greatly appreciated.

Thanks Jay.

So the moral of the story is (RENT)?

I’m in need of aged advice. I’m twenty five years of age, entrepreneur, who also hold a full-time job. My dream is to become a Venture Capitalist and the only way I will get there is A.) Working for a VC firm or B.) Start my own Venture Capitalist company (in progress). I much prefer the latter.

Starting another company obviously takes a substantial amount of money; fortunately I will have an additional forty thousand left over. I would like to hear the Guru’s of real-estate recommendation on purchasing a house, condo, or renting?

I should also note I live in Florida where the housing market has been on a decline for the last couple of months. I believe we’re up around 2500-3000 foreclosures this year. Would it be a wise decision to jump in the market, while I have an opportunity to make substantial gains in the next few years?

Any advice would be greatly appreciated.

Thanks,

Jay.