Wanting to get into commerical.

Hi, i have 2 residental prop. and wanting to get into commerical. I've noticed that most want a big chunk of money down. Wanting to know what my best optionals were to get started.
In Buying Property - Asked by marchello f. - Aug 27, 2009
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Answer(s)

Barbara R.
Broker/Agent
Orlando, FL

Ever heard of MLO? A master lease option is an awesome way to get into Commercial property. You want to look for a Seller with a distressed property like an apartment complex with low occupancy. You esentially become the owner's only tenant and pass on to him the same monthly net he is getting already. Then you hire the professionals to update and fill the vacancies. You profit the difference. With the MLO you add an option to purchase in 18months. Seller financing would be very helpful at that point. Find a commercial mortgage lender who will lend on the merit of the project...NO RECOURSE is what you want. Go get em! By the way, Terry Hale is my Commercial guru...look him up, he walks his talk.

Aug 27, 2009
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Jason P.
Broker/Agent
Broomfield, CO

There are lots of vacant commercial properties. Look for one that is in need of repair, find out if the owner will finance. Offer what you can afford down now, negotiate small payments until you find a tenant. You want to solve the seller's problem. In these markets sometimes a little income is better than no income. Make a plan that will make sense to a Seller and it should work for you.

Aug 27, 2009
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Gregory G.
Broker/Agent
San Francisco, CA

Will you be trading the residential properties into commercial or buying in addition?
http://www.gregorygarver.com

Sep 1, 2009
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