All Forum Posts by: Tony Nguyen

Selling smaller, individual units to owner/operators, if planned right, can produce higher per square foot sale numbers compared to if they sold the center as a whole.

Find a someone to finance the 25% down and you operate the property. Give up some equity to get the deal done, your feet wet and start to build your portfolio. As the saying goes, a piece of something is better then nothing, especially when you don't have the cash. Good luck

Local credit unions will do 20% down.

Try starting with high volume residential wholesalers to start. Im sure they can refer you in the right direction.

Cap rates are manually typed in by Brokers/Sellers so accurate or not depends on the property. LoopNet wouldn't play a role in its accuracy.

Sounds like a creative idea. Shape sizes may be odd and difficult for traditional retailers to occupy. Like the post before this, definitely dig into the exit plan before going further as I think you've got unique challenges if you go this route.

Louis Jeffries thank you! Yes, they were all purchased with in place caps of 9% before rent bumps and all units are currently occupied, so they are cash flowing. Thanks for your compliments, but I have a pretty fair share of horror stories too :)

@Brandon Serra If you've got retail strips in West Palm Beach, I have some buyers that'll definitely take look. Please feel free to connect. 

@Ariel Jeidel I have a couple value adds that may fit what you're looking for in our market, central FL. Would love to connect, will PM you, thanks. 

@Aaron Xie You'll want to see what the $1.10 includes from the lease because like @Mike L. said, if the CAM increases, you will owe the difference. I've seen leases where if the Landlord installs a new roof or re-paves the parking lot, that is included in the CAM. You'll of course want to try to avoid this or perhaps negotiate a cap to your CAM, but if the location is superb, you may have to eat it.

Good luck sir. 

@Brady Hastings You'll want to find a CCIM, good luck.