Found a shopping center that I am interested. what's my next step? Need mentor for the guidence.

In Buying Property - Asked by ling C. - Apr 7, 2009
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Answer(s)

Mark B.
Broker/Agent
Pismo Beach, CA

Ling - go to: www.ccim.com. Find a few commercial brokers w/ the CCIM designation in the same city/area - that specialize in retail - speak with them and go with the one with whom you feel most comfortable.
If you ever see anyone in this field with "CCIM" after their name they have proven the ability to understand and conduct commercial/investment real estate negotiations and transactions at the highest level - good luck.

Apr 7, 2009
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Joan C.
Broker/Agent
Arlington, TX

What area are you in? I would be glad to refer you to a Commercial Realtor in your area.

Apr 7, 2009
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Jacqueline M.
Broker/Agent
Weston, FL

Hi Ling, im a commercial broker. Let me know where you are located.
Jackie M.

Apr 9, 2009
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Tom N.
Broker/Agent
Irvine, CA

let me know if I can help..
Tom Nguyen Esq.
NAI Capital
Broker/Attorney

Apr 9, 2009
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Paul S.
Broker/Agent
Glendora, CA

You should do an analysis of how the property will perform over time. You want to look at your going in cap rate. You want to look at current cash flows as well as future cash flows and determine an expected internal rate of return (IRR). From there you can determine your capital accumulation (CA) which, after all the percentages and ratios gives you what you really want to know, how much money do you accumulate with the investment over time? You can then compare properties to see which perform the best.
If you would like help with that contact me at paulsylvester@remax.net or 626 485-5163.
Paul Sylvester, CCIM

Apr 13, 2009
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