All Forum Posts by: David Friedman

I use Paul Cliff at Fennemore, but he is probably a bit pricey for this job. In my opinion your best bet is either becoming an agent or working with an agent/property management company who has access to California Association of Realtor (CAR) documents. They’re solid lease agreements and you can just add a few clauses on an addendum to round it out. Legal delivery of notice requires you to attempt to personally deliver it to a tenant residing at the house. If no one answers you can post to the door and mail. Email/text is not a legal notice. Make sure you take pictures/video of you posting notice so you have proof. Good luck!

Hi Eve! My name is David. I’m a commercial real estate investor in Redlands. Welcome Neighbor!

Hello BP,

My client has a shopping center in Redlands, California about 60,000 ft.², all single-story, grocery store anchored, and we are looking for a new insurance broker. Anyone who specializes in this type of building? Thank you so much!

I agree. The parking and being next to not one, but two theaters, is the best draw. Tons of rich old people and young kids watching shows at night.

Maybe this restaurant needs a coffee shop/cafe and a restaurant. That would fill in the daytime and nighttime traffic and keep the building busy which would attract higher paying tenants for all of the other suites.

A mural is a part of the plan. Trying to figure out what the name the center first and then we will do a rebrand of the exterior of the building. I'll make sure to post back in this thread once we have some ideas hashed out!

Thank you for your ideas. They are great.

I've been thinking of a name for the center. Previous owners just had it as 4th Street Plaza which is a little bland. Trying to think of something catchier, but haven't figured that out yet. I think it will come to me soon :) I will create a simple website for it as well.

Thank you

@Michael K Gallagher

@Evan Polaski

@Wyatt Wolff

For all of your insightful answers! I will work on a value-add proposition and start cold-calling tenants/brokers who may be ready to jump on board.

Hi BP,

We just purchased a mixed-use building with 7 units of retail on the ground floor (13,000 sq. ft.), office above (13,000 sq. ft.) and a really cool basement (8,000 sq. ft.).

We bought the building vacant except for one tenant, a nail salon. The property owner let the building decline for many years, but the location is prime. Next to the California Theater and Regal Movie Theater.

In your experience, what is the best way to attract a restaurant tenant to a property like this? Have you had any success cold calling restaurants in the area who are looking to expand? What methods work for you?

I feel having a restaurant tenant will help to fill out the rest of the space pretty quickly if the food is good.

Here is a link to the property. Open to all feedback: https://www.loopnet.com/Listing/570-W-4th-St-San-Bernardino-...

Thank you for all of your insight! - David Friedman

100% agree. Economies of scale is a powerful concept, but most of us start out flipping houses and don’t really understand that until we hit our first wall.

It’s going to take money one way or another to do what you want to do. So you either have to have it, or have an investor who has it. If you work with an investor they will want a piece of the pie. That’s how most real estate investors get started. $0 down deals exist, but then what about the money to fix it up? Also they are rare and far few inbetween. Nothing in real estate is actually ever $0.