Hi Peter thanks for the explanation about purchasing commercial properties I have a rental property and I am looking to get into the commercial space with no money. Could I refinance my rental property and pull the equity and use some of it as a downpayment towards a commercial property?
That was actually a smart choice. If you don't know exactly where to reallocate your investment funds, better to stay where you are with them. To become a confident commercial real estate investor, consider our Protege Program: propadvsr.com/applyhere
Find at least one competitor and explain that you are considering a different property management firm. The take-away is the most powerful negotiating tool.
Question, commercial apartments are 5 doors and larger. Can one be create one by combing a triplex and duplex (as example) at two different location but in the same town/city
Good afternoon Mr.Harris
Thank you. Gu
Very welcome
Where did they get the $$$ to rehab?
Hi Peter thanks for the explanation about purchasing commercial properties I have a rental property and I am looking to get into the commercial space with no money. Could I refinance my rental property and pull the equity and use some of it as a downpayment towards a commercial property?
That is one option. You could also sell the rental property and do a 1031 exchange to avoid capital gains taxes.
Are assumable loans a good way to get into CRE?
Yes, but under the right conditions, such as favorable loan terms and high loan-to-value ratios.
I back out from selling a 900k home because did not know where to put the money
That was actually a smart choice. If you don't know exactly where to reallocate your investment funds, better to stay where you are with them. To become a confident commercial real estate investor, consider our Protege Program: propadvsr.com/applyhere
We can do it!! ❤
Yes you can!!
What's a good approach to negotiating pay with an existing manager of an existing business, as the new owner?
Find at least one competitor and explain that you are considering a different property management firm. The take-away is the most powerful negotiating tool.
Nice Mic… finally 😅
Thank you!
Question, commercial apartments are 5 doors and larger. Can one be create one by combing a triplex and duplex (as example) at two different location but in the same town/city
I believe they have to be on the same parcel in the county records.
🎉
What were the classes of these MF properties?
👌🏿
How do I become a student? I wake up thinking commercial and I go to bed thinking commercial.
The first step is an short application: propadvsr.com/applyhere
I called and had an interview with someone and they hung up on me within 10 minutes. No reason or explanation.
@@truthhunter4270 Ouch! Please try to call back. Must have been a phone issue on our end.
No😢