All Forum Posts by: Jonathan Kerr

Hi Daniel,

Here are my top 5 books for learning about commercial real estate investing:

# 1: What Every Real Estate Investor Needs to Know about Cash Flow... and 36 Other Key Financial Measures, Updated Edition, 2015. (by Frank Galllineli)

I can't stress how important it is to read and understand the basic concepts and formulae outlined in this book.

# 2: The Handbook of Commercial Real Estate Investing (by John McMahan)

# 3: The Due Diligence Handbook for Commercial Real Estate (by Brian Hennessey)

# 4: The How to Add Value Handbook for Commercial Real Estate (by Brian Hennessey)

# 5: Mastering the Art of Commercial Real Estate Investing (by Doug Marshall)

Also, your question suggested that you are planning to "go it alone". I'd humbly suggest you use the next few years to build a stellar team consisting of a top-notch accountant, real estate agent, and lawyer. 

Best of luck,

Jonathan

Hi Matthew. 

Medical Office Buildings can be terrific investments due to the professional tenants with strong incomes and long-term NNN leases. It is challenging for a physician to move their office once they have a busy practice established, so turnover is generally lower in Medical Office Buildings as well.

Here are some of the questions that come to mind:

How large is the Medical Office Building? 

How much space is available or how many physicians are you looking for?

Does the building have any current tenants? (Current physician tenants are your best source for finding new tenants, through their professional/personal connections.)

Are you looking for solo practitioners, or small groups of 3 to 4 physicians? (Recruitment efforts would differ.)

Does the town/city/county have any physician recruitment efforts that you can partner with?

What shape is the building in? Is there any deferred maintenance to deal with?

Is the layout appropriate for the future of healthcare?

Value can be increased in various ways, such as incorporating a pharmacy or lab into the building, parking, or a renovated space design to improve patient flow and office efficiency.

I hope this is helpful information. Feel free to send me a DM if you'd like to discuss more.

Jonathan