All Forum Posts by: Martin Z.

I meant retail properties with stable tenants in place, as oppose to retail centers with large vacancies.

I'm sure there will be plenty brokers that will take you in, others can chime in on this with more experience. But most will not gift away free resources to begginers for variety of reasons. 

"I have no experience in CRE or strip malls/plazas" 

I would shy away from high risk deals to begin  without having knowledge and experience.

To begin with, I would probably go with stabilized property, multi family with minimal rehab needed, or retail that isn't too much on the value add side.

You keep mentioning "I don't have a degree" In real estate (please don't kill me peeps) they're pretty much worthless. Best thing do is get licensed quickly and start closing deals, that's probably the best way to go about it. As for negotiating with clients, in CA, not sure about other states, you can't do it anyways until you are licensed or unless you're working as a principle. 

Quick question, why don't you get licensed first, it's pretty simple to get started and a minimal investment and you seem pretty motivated.

Also, if you're contacting a large cre firm, I'm guessing it's one with hundreds of agents, they most likely have someone in recruitment you can get in contact with so you don't need to go directly to the head.

Normally in this situation, you get the tenant first, then build, unless you're planning on building a small strip center. Chances are that a fast food tenant is going to want a custom building to their specs. I would contact brokers that have experience in build to suit deals.

I would contact local broker or realtor's association and see what the standard form they use for commercial. The free ones online don't cover much, so many variables that aren't covered in there that are specific to your state's laws.

If you're occupying it yourself, you can obtain an government backed SBA loan. If it's vacant as I'm understanding, it will be tough to obtain a commercial loan, not sure if too many banks do so.

If he gets rid of Obamacare, isn't the 3.8% obamacare capital gains tax gone too? Seems like he would be protecting his own assets, as a result, the industry may prosper, who knows.

On the first question, depends on the property itself. Many tax defaulted properties have weed abatements, IRS leans, or are contaminated. It's very very important to do your homework. most of the time the previous owners purposely let the property default and gave up possession because to remedy would not be worth it.