All Forum Posts by: Sheila B.

When evaluating/analyzing a retail center that has NNN tenants, is it correct to add the reimbursable expenses to the NOI to determine if enough money will be available for the debt service and what the cash flow will be? I couldn't find the answer in previous posts.

And I know that as well. Even though my main source for SFR was the MLS, I still knew a motivated seller was the key. My only source for commercial is Loopnet since I don't have a broker working with me. So I never speak with the seller because of the seller's broker.

I really hate to sound naive. I have found another property that I am interested in and have the financials on the property. I'm looking for a CCIM broker to represent me. I found out that the seller, with 20% - 25% down, "might" wrap the balance for a qualified buyer. So, here I go again...

Thanks again Jeff. I almost made that mistake. The broker talked like he was just the one I needed. I guess I sounded too eager, or maybe too desperate. :-)

Ken, thanks for the advice. I'll seek a CCIM broker. I think there's a website that list them. I'll look for the site shortly.

But, I have another question. Should I allow a broker to exclusively represent me?

Thanks Dwayne. More very useful information.

I've learned a lot and appreciate all of your responses. I’ll have to find an agent and another deal. I was actually talking to a seller’s agent and decided to ask for advice before I continued. Now I realize that was a mistake. Thanks again.

You know, I hate to say this, but I had not thought about the commission and how it would affect the price. But it makes sense. Thank you, P NW. I see there’s a lot more I need to know other than how to calculate the cap rate and the NOI. As you said, I need an agent to help me.

Thanks, Matt, I will find my own broker/agent. That hasn't been too easy. I'd love to find a FSBO; that's probably not easy either. But, I have a couple of training CDs from Lindahl; maybe there are strategies to help.

Thanks again.

P NW, I didn't know I would pay any commission at all. Like residential, I thought the seller pays the commission.

Thanks for your response.

How ridiculous is it of me to negotiate with a seller’s broker rather than have a broker represent me? What are the dangers I should look for (if any), or should I not do it at all?