All Forum Posts by: Account Closed

Hi Kim,

What exactly are you looking for?

Lauren

Amy,

Nice to hear from you.  I think there are occasionally some hurdles being a woman in this business, but I find that in most cases you can turn those hurdles into an advantage.  

What is your current career path and how is it going?

Lauren

Hi James,

It is customary for the buyer to pay for the Phase 1 and/or Phase 2 if required. It is not customary for the buyer to pay any part of the commission. 

Lauren

Brian,

I don't use a software, but basically you would show it as a tenant recapture income that is going to match the common area expense (or almost if there are some items being pro-rated over time).

Lauren

Hi Michael,

PM me so I can get more information and I'll see if I can help you out.

Lauren

We use Allied as well.  We have tried others, but have come back to Allied.  They are easy to use and provide good information.

Jason,

I definitely think you should contact a realtor.  If you are up front with them, they will see that although they are helping you for free on this deal, there is a potential for future work for them if they help you now.

Lauren

Congratulations Marc!  Have fun and feel free to reach out if there is anything I can do to help.

All good advice.  A typical commercial loan term will be 5, 7 or 10 years.  Over 5 years, there is typical a fixed rate that resets at a certain point.  For example, a 10 year loan would be fixed for 5 years and then reset and fixed for another 5.  Count on refinancing regularly.  If you reach out to community banks, they are usually happy to develop lender relationships.  The terms on their notes are much more favorable than larger banks, which can sometimes have a lower rate.  It is tempting to go with the larger banks, but I recently had one try to dictate when roofing, lot sealing, etc. was done.  None of this was shared with me until it was time to close.  Things like that can really mess up your deal.

Welcome Dean!  Have you considered selling commercial real estate?  I find the transition from sales to investment is not quite so great there and commissions are larger. Feel free to PM me if you would like more information on this.