Asking $350k for a 5 plex, Gross rent is $3200 with tenants being long term doctors, property taxes are high but when I crunched the numbers roughly I got$38,400 Gross Rents-$4800 year property tax-$4600 yr electricity-10% management-5% vacancy= $23,400 or $1950 per month , 6.6% CAPI'll try to get the CMHC 15% Commerical 40yr mortgage if not then at regular 20% down , 30yr 3.5% rate my payments are $1254 per month This will net me approx $700 month cash flow while only needing $70,000 down. 

I've been wholesaling SFR and came across this great bit of land for commerical use but I have no idea how to price it but I know for a fact it could shape up into a nice deal, just need to little push in the right direction.

hey all,looking for advice on creating partnerships, and also financing for a $1.3 million or so commercial real estate property.1.  Creating partnerships:  do I get a lawyer involved for legalize surrounding equal sh...

@Shin Bo  -  I'm getting 6.35% w/ my commerical lender on a 25 year ARM

I dont say lender because we  only JV but we bring the type of capital your talking about.so private capital that is sophisticated enough to go into spec building is not going to be any cheaper than HML and could very well be more.It can take some time to find banks that will play but it can happen as they are getting back into the game.If you have the three C s and track record I would be pounding on every small commerical bank in the Vegas area.But franklyright now bank rates for  me are 6.5 and 1  no junk fees just appraisal and I only have to appraise one model if its going in the same community. 

  -  This is definitely a project I'd approach my commerical lender with. 

dont get this kind of advice from the internet.. contact the regulators in your state.. describe what it is your actually going to do and they will let you know whats required.for instance in many states no license required for commerical non owner occ.but that are 10 to 15 states it is required.. so it cost you NO money to check with your state and get the straight scoop.

I just assumed rentometer was for residential, not commerical. 

@Jonathan Onny What type of commerical property are you purchasing?

I am very new to commerical real estate investments, except that of multi apartments investment.