All Forum Posts by: Tyler Bradfield

Norberto,

I work with Oldham Goodwin, a commercial brokerage out of Bryan. We have a multi-family specific broker that would do an excellent job helping your friend.

I would be glad to connect the dots if you were interested.

TRB

I used to work for a company called Worth Residential. They will take excellent care of you, especially if the property is a student housing property. 

Andrew,

Give me a call. I have a client with an off market property that might work for you. My cell phone is in my profile.

Thanks,

TRB

Damon, 

It sounds like your agent isn't very experienced in commercial. Is that the case?

Tyler

Rey,

Welcome to BP. It has been a great resource for me, as well as a source of motivation. I'm up in Bryan, Texas, but spend some time down in Port Mansfield and Zapata. I don't have many contacts down there, but can tell you that building a systematic database will be one of the many keys to success. Try to find a Real Estate Investing Club down there. You'll find both buyers and lenders there, as well as learn about how to get started. 

Good Luck!

Kaleb, can you expand on can't seem to work his way through it? Do you mean he can't seem to make the deal profitable, or that he just can't figure out what information he needs?

I'll echo what @Scott said. Make sure there is sufficient market demand for an additional facility. Internet marketing should be your primary focus, but also work to develop a relationship with a local mover. Movers can fill up a storage facility quicker than conventional marketing can, and their clients tend to be more affluent. 

@Jaun Vargas, I haven't made the plunge as an investor, but have as an agent. 

I think taking the jump starts with your goals. What is most important to you- yield, security, ease of operation, etc? From there you can determine what asset class to jump into. As far as lending goes, I tend to like private money or small banks located near the property. Often times the easiest place to get financing from is the lender that previously financed it. 

Feel free to reach out if you have any questions, or if I can help you in any way.

Chris, my experience is that office condos can work as investments, but for the most part you are better off buying a building. The problem with office condos is that are usually targeted towards owner occupants. If a 1,000 SF space typically leases for $30/SF NNN, the developers will try to hit a price point that can be financed to match that. The benefit to the owner occupant is that they are building equity, and don't have to worry about landlords, CAM, or etc, but they pay for that with association dues (which eat up your cash flow). You may find success in older units, but I would think newer stuff would be tougher to make work.

Jeff,

Welcome to the forum. I started out as a residential leasing agent, and have since progressed from residential sales to commercial. I know the market well, and would be glad to share insight, as well as refer you to a few great residential agents and lenders I got to know while I was in the business. They helped me learn the industry, and might be able to help you too. Feel free to shoot me an email, and we can schedule a time to meet up.

TRB