All Forum Posts by: Account Closed

@Chris Doloriert there is a wide variety of different asset types under the commercial umbrella. I would figure out which asset class you want to invest in and then start networking with investors and brokers.

@Account Closed My first questions would be:

1) Do you have "easy" access to capital? ($250k++) If so this is a relatively easy conversation to have, you would just need to look into partners and a GP/LP equity fund structure if you are looking to benefit from institutional size deals.

2) For Your current properties, is there a 1031 play there to move up a larger asset?

3) If you are capital light do you have a knack for identifying properties with entitlement opportunities, if so you can get impressive returns with a GP equity position (even if only a few points) from bringing an opportunity to the table, but understand these can be 2-3++ year deals and don't always play out, many fall short of entitlement approval & funding whether apartment, hotel, condo, etc.

My last comment would be to listen to @Barry Ruby and work on practicing your approach to underwriting different asset classes. Here is a great resource for you Adventures in CRE. Once you can identify opportunities through underwriting you could also look at a single asset acquisition fund with partners.

You have to narrow down what you want?  Do you want office, retail, mixed use, industrial, strip centers etc.  You jump in with partners if you don't have the cash and start building that equity.

Since they are valued differently than Multifamily I would make sure you understand how to properly value the commercial property.  I would plan to focus on one asset class starting out and get as much data on it as possible.  Industrial or Office are little more consistant on pricing than Retail so would consider starting with one of those.  Best of luck.  

You already have "about" 5 multis? I don't think it is a good plan to start investing in bigger deals when you have already lost track of how many properties you own...

Good morning Chris! I have a 3 family in North Leominster, I found an awesome electrician that I have used several times that I would be happy to send you his contact info. For plumbers, I don’t have a go-to POC quite yet for our neck of the woods but have a few larger companies with lots of positive reviews that I would call up if I had any problems. I’ll send you a message! :)