All Forum Posts by: Michael Kim

 Would you be willing to share an example of one such deal?  Specifically Id love to see all the numbers.

Thanks

I have read that in an environment of rising rates, this would negatively impact CRE valuation. Can someone walk me through this? Also I would love to hear peoples opinions on this.

@Greg Huson

That would be awesome.  I really appreciate that.

@Henry Clark

Hi Henry,

Thanks for the great advice.  Any advice on finding brokers?  Ive been just cold calling those with listings but no luck so far.  

We are looking for NNN, 3-4 million range, cap rates in 5's (will consider 4's also), but most impt is finding a good/stable tenant that will be around for another 20 years. This will be our first deal and we are testing out the waters before we jump into more. Therefore we want to make sure this first is not a failure, thus we would be willing to accept lower returns for the stability.

@Ben McMahon

Those are great ideas.  Thank you very much for the tips

@Jim Kittridge

Thank you very much for the advise.  It seems like the best way is to find a good broker that can get you deals.  Besides using Costar, any other ways to find brokers?  I have seen some online companies that advertise deals.  are they worth looking into?

Hi all,

Im looking for seasoned CRE agents or investors in Southern California willing to give me some advice. My partners and I are looking to get into our first CRE deal. We are trying to learn the nuances of CRE, as it seems a bit more complicated than the single family investment we are used to.

We have access to costar, but everything I hear tells me that the best deals are not even listed. We dont have a specific focus right now but our goals are to get a deal in southern california (want the first deal to be local) and we want a NNN lease. I specifically would like some advice about how to vet the quality of tenants since this seems to be one of the most important factors. any other advice would be graciously accepted.

Thank you

Im not 100% sure which is why I am asking.  Law says i need to give 60 day notice but it appears that applies to tenants on a month to month lease.  What I am asking is if the lease ends, do I still need to give a notice or can it be assumed that once the lease is over I do not need to give any notice.   

If I have a lease ending at the end of next month and I have no intentions of renewing the lease, do I still have to give a 60 day notice?  Property is in California.  Renters have been there for 2 years.

@Nicole Collins  Thanks for your input.  I was driving through DT riverside yesterday and it does seem like its changing.  I was in the mission inn area.  I am not knowledgeable about DT riverside at all so I am purely speaking about mission inn area.  

I agree with you and @Aaron K. that Riverside is much more affordable, however most professional I know live outside of Riverside, specifically in Corona/Norco, OC, Redlands.  

With that said, I think DT Riverside seems to be a good place to invest, although I say this with very superficial knowledge of the area.  

The more important thing, in my opinion, is the timing of these investments.  I say this because I have seen a steady increase in inventory and decrease in demand.  I have a feeling this will continue and investments bought today may be bought at or near a peak in pricing.