Please ask us any questions you have about Commercial Real Estate Wholesaling here and we will answer them!
@tamarathomas6380
5 жыл бұрын
I live in Las Vegas can I wholesale commercial property? Also, what kind of contract to use when putting the commercial property with the owner and assign contact with buyer.
@CommercialInvestorsGroup
5 жыл бұрын
@@tamarathomas6380absolutely you can wholesale property anywhere in the world. You would use an option contract to secure the property and then assign your rights in the option contract or you could use a standard purchase agreement. Make sure you have a clause that allows you to assign the contract WITHOUT the consent of the seller, and when naming the buyer use "Sample Company LLC and/or Assigns"
@iamaksd
5 жыл бұрын
@@CommercialInvestorsGroup Would your course be discussing in more indepth on how to wholesale commercial properties ?
@CommercialInvestorsGroup
5 жыл бұрын
@@iamaksd yes it will. We use the same strategy to "wholesale" (which is referred to as "arbitrage" in commercial) as we do to purchase to flip or hold long term. You should always buy property with the intent to hold long term, but if you find a buyer who has to have it you can assign your contract for a fee. I don't recommend only wholesaling. If your end buyer (the person you are wholesaling to) falls out at the last minute and you start cancelling contracts often you will get a bad name in your market and no one will want to deal with you. Check out our Facebook page for our upcoming master series class this fall Oct 3-5, it's going to be awesome!
@iamaksd
5 жыл бұрын
@@CommercialInvestorsGroup Im not on FB so is this a webinar class? Will this be provided elsewhere besides on FB or will this be FB only?
@pablollega3368
2 жыл бұрын
I’m closing in a few days on 4 commercial Walmarts Wholesale fee is $375k
@mike_decoded
2 жыл бұрын
Good shit bro! Keep crushing it
@indooroutdoor8524
2 жыл бұрын
How long did it take from lead to close?
@craftsmanshippalace7777
Жыл бұрын
hey you still wholesaling?
@pablollega3368
Жыл бұрын
@@craftsmanshippalace7777 hey yes I’m working on a 358 unit in Kissimmee Florida by Disney and another 241 unit by Disney in Kissimmee Florida
@mq8543
Жыл бұрын
Were they vacant ?
@evanderlivingston6445
5 жыл бұрын
I believe Commercial Real Estate is my calling over Residential. Thanks for the info and good content by the way! 🙌🏽📈🚀
@rikey8225
4 жыл бұрын
There's no limit bro im sure you'll own an entire complex soon enough
@evanderlivingston6445
4 жыл бұрын
Rikey Thanks, I really appreciate that. I am closer more than ever.
@rikey8225
4 жыл бұрын
Evander Livingston don’t stop! :)
@denajahthomas7407
3 жыл бұрын
Same make more money doing commercial
@kwayloncrane9378
3 жыл бұрын
Commercial real estate is what will create generational wealth in my lifetime.
@tesseract1877
5 жыл бұрын
You can really accumulate a vast amount of income faster doing commercial wholesaling thanks for this information
@vegancherry5503
4 жыл бұрын
Yes because the owners are not emotionally attached like homeowners
@shayshebad
4 жыл бұрын
vegan cherry this is true.
@Gard3nman
Жыл бұрын
Hello Mike, I saw you conversation from a year ago with Tyler Cauble on his KZitem channel. I have always believed that the Universe has a way of pointing you in the right direction when you need it. I am in the process of learning the process of commercial real estate development with the goal of starting a project within the next 3 years. Your philosophy on sharing your knowledge is commendable and very much appreciated. I just finished ordering your book, and subscribing to your channel. Thank you so much!! Blessing to you and yours.
@narutoowns266
5 жыл бұрын
This content is AMAZING!! Please keep uploading great content like this. I am trying to get into wholesaling large deals more specifically commercial and multi-residential buildings. And it's advice and expertise like this that not only guides me but motivates me to keep going. Thank you so much!
@fidel2xl
3 жыл бұрын
Very good video --- great content. But just a couple questions with regards to wholesaling commercial properties. What is your process? Do you simply utilize your own company's in-house Purchase & Sale Agreement with the Seller, and then an Assignment Contract with a Buyer? Or do you instead utilize Letters-of-Intent (LOIs) with the Seller, and THEN the Purchase & Sale Agreement with the Seller, and afterward an Assignment Contract with the end-buyer (or a Double Close with the Seller and End Buyer)? Or do you use the official Real Estate Commission's "Purchase & Sale Agreement" documents for the particular state you're transacting in? I know some commercial property wholesalers advise to always use an LOI, while some say that it is not necessary, and to just use a wholesaler's Purchase & Sale Agreement. What is your "Documents" process for Commercial Property Wholesaling? Btw, I understand how to value Commercial Real estate, and the items required for due diligence for commercial properties etc --- but I love to soak-up new perspectives and new insight, just to see if I'm on the right track, and determine what areas I can improve in my own processes. Cheers!!
@MMeansNSTI
3 ай бұрын
Good afternoon.. have you done any commercial deals yet?
@nadirrabah6756
2 жыл бұрын
It's kinda funny with wholesaling homes "assignment fees" are like $2,500 , $3k, $5k (anything below $10 to $20k you're "short changing yourself") now with wholesaling commercial properties..... $25k, $30k, $50k "assignment fees" and you'll be "short changing yourself" below the average fees of $100k, $250k, $500k NICE!!!! Short change me (with commercial properties) I'm not greedy 😂😂😂😂
@dhandho6465
4 жыл бұрын
Wowww 250k assignment💰😬
@user-ev4yg2mu8g
6 ай бұрын
I feel the same. No one is serious about teaching someone
@Mrmotivation504
2 жыл бұрын
Very beneficial I plan to reach out to rafik his story is amazing and has also opened my eyes on a lot of things
@CommercialInvestorsGroup
2 жыл бұрын
We are so glad you gained something from this! 😁
@berkwoodholdings5275
5 жыл бұрын
Awesome content. Deserves way more views & subs.
@CommercialInvestorsGroup
5 жыл бұрын
That's great to hear thank you for your comment!
@michaelroot1313
2 жыл бұрын
Rafik is amazing. Great podcast
@jermon983
4 жыл бұрын
I know I'm a year late but I'm glad I came across your podcast very informative...
@epicchanges1072
5 ай бұрын
Great stuff right here!
@MrW3ST
5 жыл бұрын
I have stumbled across a seller before knowing anything about wholesaling. I have a way of meeting a lot of commercial property owners and one in particular is highly motivated to sell his property and his business all for one offer or separate offers. This would be my first wholesale and I think it could be huge. Can I have some guidance or can you shed some light on what I should be doing since I have the guy ready for contracts. Also I’m thinking “double closing”. Need to move fast other investors have started to contact the owner.
@allinthefamilyllc6030
4 жыл бұрын
W3STBOI (405)706-4012 I can help you out.
@CommercialInvestorsGroup
3 жыл бұрын
Hi. Did your deal pan out?
@thomasborruso3143
10 ай бұрын
What lists do you target for these type of deals ?
@qghotmedia
3 жыл бұрын
I like this guy!! Boss man 🇲🇽🙏
@yamiynthompson-rw5ec
Жыл бұрын
Very informative! I actually have a pretty good deal I’d like to discuss. I’m in the Ohio area.
@karonpowell1543
4 жыл бұрын
How can I get a property if I do not have the funds?
@maxinegivens3159
5 жыл бұрын
Very valuable, thank you!
@CommercialInvestorsGroup
5 жыл бұрын
Glad you found value!
@DonGriffinJr
4 жыл бұрын
How can I send you a deal?
@skarena7411
Жыл бұрын
I'd love to know how to structure a deal and wholesale it.
@anonymousubiquitous3295
4 жыл бұрын
7 6 2020. First view of your channel.
@eddycaballero5438
2 жыл бұрын
Also I’m not entirely sure why someone would pay a premium for your seller-carry structure where the seller participates in the equity 🤔
@CommercialInvestorsGroup
2 жыл бұрын
It reduces your equity raise, which in turn reduces your cost of capital. You can pay a little more and still achieve the same cash flow because of your overall weighted average cost of capital is lower.
@onecreation5097
4 жыл бұрын
I want to do virtual wholesale of commercial property. Is this possible and how ?? Thank you
@ThriveNation20
4 жыл бұрын
Question so are you sharing this content on a larger scale of Purchases. Meaning am I able to purchase a commercial Property using the end Buyer. Like a Title company is that possible? Double Close maybe. Thanks
@CommercialInvestorsGroup
4 жыл бұрын
Yes you can do double closings in most states. However you would likely need to fund your first closing using one day money to meet federal guidelines. Generally you cant use the end buyers financing to close on your purchase.
@eddycaballero5438
2 жыл бұрын
Here in Los Angeles I’ve always heard everyone refer to contract-for-deed as seller-carry - Is everyone mistaken?
@Itsmarkthompson
4 жыл бұрын
I have a deal right now but I can't find a commercial wholesale contract anywhere 🤦♂️
@DonGriffinJr
4 жыл бұрын
have you found one?
@Itsmarkthompson
4 жыл бұрын
@@DonGriffinJr nope
@DonGriffinJr
4 жыл бұрын
Mark Thompson sheesh
@jorgenolasco6194
3 жыл бұрын
Do u have a buyer ? I have a contract for you
@DonGriffinJr
3 жыл бұрын
Jorge Nolasco could I have it too
@meditationtuber3939
Жыл бұрын
I have a deal a 6.2M but my buyer is ok at 8.2M how do I wholesale my deal properly
@thenightjourney4796
11 ай бұрын
We’re did you find the buyer?
@soromidee
5 жыл бұрын
how do you value commercial real estate
@CommercialInvestorsGroup
5 жыл бұрын
We work backwards. Determine the as-stabilized net operating income by taking net rent rates in your submarket x the square footage. For example if NET rent rates are $5/SF and you have 10,000 SF gross potential income is $50k. Subtract vacancy and maybe as stabilized net operating income is $45k. Then divide by a market cap rate to get value. From that value subtract you renovation cost and lease up cost and your desired margin to arrive at offer price. Its not easy but gets easier once you know rent rates. That's the hardest part when you start. If you dont know what your market cap rate or rent rates are enlist the help of a qualified CCIM broker in your area to represent you.
@denzelnathan3045
3 жыл бұрын
@@CommercialInvestorsGroup how do you determine the net rent rates
@CommercialInvestorsGroup
3 жыл бұрын
@@denzelnathan3045 there are 3 ways. 1. Broker interviews 2. Market reports from large brokerages. Try www.cbre.com 3. Comparables. Search Craigslist and loopnet for lease to see what other similar spaces are renting for.
@jomohankerson2634
3 жыл бұрын
Do you mentor? Looking to transition to commercial real estate.
@CommercialInvestorsGroup
3 жыл бұрын
Yes we have a private coaching program and a group coaching program. www.commercialinvestingmastery.com
@Jsamul1
4 жыл бұрын
Jesus loves you.
@iamaksd
5 жыл бұрын
How does one get started? Is there a course for this?
@CommercialInvestorsGroup
5 жыл бұрын
We have a series coming out soon if youre subscribed and hit the bell you will get it soon!
@iamaksd
5 жыл бұрын
@@CommercialInvestorsGroup Ok. Thanks. :)
@CommercialInvestorsGroup
5 жыл бұрын
Visit our Facebook page and check out our new master series coming up Oct 3-5 in the Twin Cities, Minnesota. Www.Facebook.com/commercialinvestorsgroup
@jomohankerson2634
3 жыл бұрын
Is wholesaling commercial real estate a good option for somebody who does not have the means to buy the property themselves? It seems like if you don't already have a lot of money this could be very risky.
@CommercialInvestorsGroup
3 жыл бұрын
You don't need money to buy commercial property or wholesale commercial property. What you need is a system that shows you how to do it using debt and equity partners. Check other videos or our mastery program.
@LethaLMagiik
4 жыл бұрын
Does anyone in this comment section ACTUALLY have experience with wholesaling commerical property?
@CommercialInvestorsGroup
4 жыл бұрын
I do
@blessedliving
4 жыл бұрын
@@CommercialInvestorsGroup can you help me with the Arv of a 4 unit property?
@CommercialInvestorsGroup
4 жыл бұрын
@@blessedliving you can do an income approach or sales comparables approach. Most people would do both and blend them. Do you have a real estate agent to perform comparable rent and sales for similar buildings? If not start there and find someone.
@breannathomas92
4 жыл бұрын
Thanks for the video. Could you help me find a end buyer for land in Cali ? Zip 92239 400 acres. Previously hemp land. ❓❓
@CommercialInvestorsGroup
4 жыл бұрын
Hi. We do not have a network in that area. You have the property under contract? Why not close on it and execute your business plan?
@damonwallace8626
4 жыл бұрын
What was your website address again?
@CommercialInvestorsGroup
4 жыл бұрын
Commercialinvestingmastery.com Master class / coaching Commercialinvestorsgroup.com Corporate site
@barry3426
4 жыл бұрын
Just watching this so someone can really make $250k on wholesaling a commercial property?
@thecashhousebuyersteamh4921
3 жыл бұрын
If you find a good deal absolutely
@millionairemotivationalhub5696
4 жыл бұрын
Collab?
@the_TSA
Ай бұрын
great video thank you! if anyone help funding double closes or EMDs feel free to add me to your lenders list!
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