Get help structuring your deals with creative financing techniques by applying to our Protege Program: www.commercialpropertyadvisors.com/protege-program
You are a breath of "fresh air." I wish I knew about you years ago,. Better late than never. Thank you for the information. You deliver in clear ways that is so encouraging.
Winner of a video, I been tryin to find out about "basics real estate investing" for a while now, and I think this has helped. Ever heard of - Ponasson Estate Earthman - (search on google ) ? Ive heard some pretty good things about it and my colleague got amazing results with it.
Cheers for this, I have been researching "new york university real estate institute" for a while now, and I think this has helped. Have you ever come across - Yiyrianna Tonwen Theorem - (just google it ) ? Ive heard some unbelievable things about it and my neighbour got great results with it.
I am a older hairstylist who married late in life with an adult daughter and granddaughter. I would like to purchase commercial real estate with living quarters atop. My marriage felt threatened a couple days ago and realeyesd my status and income would go down should we depart. I also realeyesd neither of my offsprings visited much because it's my husbands house. With an apartment atop they or we could stay there when they come to town.
Thanks, Peter for sharing your valuable knowledge and time regarding commercial RE investing! I look forward to catching up on existing content on EVERYTHING to come. Detailed information explained very well!
great video. thank you question :I'm working on a deal where I have no contact with seller,the broker does it all.How to be creative in this situation?
This is very powerful stuff! Thank you for your knowledge and expertise. Now are you ready to partner on some deals? I find them all day long. Let me know. Thanks.
If I am buying a property that has high vacancy and is in bad condition........How do I work out the deal so that I pay what the seller wants on my terms but also have money to fix up the place to make it rentable?
We have over 110+ specialty lenders offering literally thousands of commercial real estate loan programs and loan variations with billions of dollars to immediately deploy. Name: Arthur Email: knoclan@gmail.com Phone: 256-500-1599
felix oyinloye start with commercial. Any property 5 units or more. That way your increasing value by business instead of residential. Try and stay under 2.5million if you have no money down.
The loan officers will only allow a second mortgage as long as you're putting in 10%. So the seller carry needs to be at least 10% and you 10% cash. So depending on motivation 30% seller carry-back 10% you 60% loan
Wait a minute it's prices too high and the numbers don't work. I've got to find a different approach so if I readjust price and we agreed to price a Master Lease over and above the mortgage payment. Wow okay
I love your videos. I want to buy my first multi property need your advice. , offered at a base cap rate of 5.26% with a 7.20% proforma cap rate * Seller carryback financing for a quick close * The property includes three large units with various room configurations. Is it a good deal? What would be my next step?
I think you are referring to the owner receiving the lease payment but not the actual lease payment. The new investor is responsible for the actual new lease payment right?
I would love to learn from you I have a deal on the table for two multi family buildings that are distressed and I need some guidance on what to do to structure a good deal on them
Peace, if you know of anyone looking for a commercial real estate loan... I’m The Link, we have over 110+ specialty lenders offering literally thousands of commercial real estate loan programs and loan variations with billions of dollars to immediately deploy. Name: Arthur Email: knoclan@gmail.com Phone: 256-500-1599
Thank you for such a great video. Also have a question : There is a commercially very unattractive property in high distress over years located where the homeless hang out. It's never been listed on the market for sale, just sitting there unoccupied for several years. I would like to turn this distressed warehouse into an education center that teaches the history of the town for local children and community. I've found out from County assessor that this property is free n clear and is currently co-owned by family members (elderly parents and a daughter) in forms of living trust and a LLC. They are really famous wealthy people, and I am not. Any advise on how I should approach and contact them (email or mail, via CRE broker, etc) and also which structure would you recommend for my case? Once again, thank you and I will keep you updated if things go right :)
What's the exit plan? How will you make money ?? Get a partner - join real estate groups (locally) and get one of them to take a chunk of the investment.
Peace, if you know of anyone looking for a commercial real estate loan... I’m The Link, we have over 110+ specialty lenders offering literally thousands of commercial real estate loan programs and loan variations with billions of dollars to immediately deploy. Name: Arthur Email: knoclan@gmail.com Phone: 256-500-1599
Say I'm a buyer and I find a seller willing to do seller financing... who takes care of the paper work and process? an attorney, CPA, real state agent? and who pays for that?
Ideally, smart commercial real estate investors handle that paperwork themselves or they hire their attorney to do it (you don't want the seller to do that), and ideally, you pay for it. Ideally, you negotiate an interest rate that is less than the what a bank would give you.
Peace Queen, if you know of anyone looking for a commercial real estate loan, we have over 110+ specialty lenders offering literally thousands of commercial real estate loan programs and loan variations with billions of dollars to immediately deploy. Name: Arthur Email: knoclan@gmail.com Phone: 256-500-1599
If you're planning on occupying the property, you can get a 504 loan. The banks will require 10% down but will allow you to finance an additional 10% for equipment and upgrades. At least that's what Wells Fargo does.
Peter I would prefer to have the lump sum of $40,000 to invest in another bigger commercial property. Thank You Peter for your awesome training and relationships. Stay safe you and team🙏🏽
![NOSFERATU - Official Trailer [HD] - Only In Theaters December 25](http://i.ytimg.com/vi/nulvWqYUM8k/mqdefault.jpg)
Get help structuring your deals with creative financing techniques by applying to our Protege Program: www.commercialpropertyadvisors.com/protege-program
You are a breath of "fresh air." I wish I knew about you years ago,. Better late than never. Thank you for the information. You deliver in clear ways that is so encouraging.
Winner of a video, I been tryin to find out about "basics real estate investing" for a while now, and I think this has helped. Ever heard of - Ponasson Estate Earthman - (search on google ) ? Ive heard some pretty good things about it and my colleague got amazing results with it.
Cheers for this, I have been researching "new york university real estate institute" for a while now, and I think this has helped. Have you ever come across - Yiyrianna Tonwen Theorem - (just google it ) ? Ive heard some unbelievable things about it and my neighbour got great results with it.
Please keep uploading.
omg ! This is super helpful and insightful!!!! Thank you so much!
I thank your parents so much that they made you
Great Brother - how to invest in commercial property without cash or credit if you are under 22?
Did u make it work
Loveyou channel! Awesome content! Just subscribed! Currently gettig my license. Trying to get into the commercial real estate business!
This guy is awesome! I'm getting the books and I'm signing up for the courses and training!
Jamie Floyd can you send me the link for the course please and thank you😊
I am a older hairstylist who married late in life with an adult daughter and granddaughter. I would like to purchase commercial real estate with living quarters atop. My marriage felt threatened a couple days ago and realeyesd my status and income would go down should we depart. I also realeyesd neither of my offsprings visited much because it's my husbands house. With an apartment atop they or we could stay there when they come to town.
Ginger Tansil great idea. You do you
I am learning sooo much watching your videos I would love to mentored by you in the learning and applying process, you do an AWESOME job!
How would you structure it if say the property is selling for 750,000 but the seller only want to carry 250,000 vendor take back?
Thanks, Peter for sharing your valuable knowledge and time regarding commercial RE investing! I look forward to catching up on existing content on EVERYTHING to come. Detailed information explained very well!
Excellent video!
great video. thank you
question :I'm working on a deal where I have no contact with seller,the broker does it all.How to be creative in this situation?
Through the broker (but make sure he understands the broker gets their entire commission). But this is why it's best to work directly with the seller.
Peter - how do you make contact with the seller, I am seeing the same. Is there a way to find out who the owner is?
Can we have the link to LOI sample form
This is very powerful stuff! Thank you for your knowledge and expertise. Now are you ready to partner on some deals? I find them all day long. Let me know. Thanks.
Apply to my Protege Program here: www.commercialpropertyadvisors.com/protege-program
I am ben what's up let's do some deals
If I am buying a property that has high vacancy and is in bad condition........How do I work out the deal so that I pay what the seller wants on my terms but also have money to fix up the place to make it rentable?
We have over 110+ specialty lenders offering literally thousands of commercial real estate loan programs and loan variations with billions of dollars to immediately deploy.
Name: Arthur
Email: knoclan@gmail.com
Phone: 256-500-1599
Just Masterful Peter!!!
Do you recommend saving up huge amount of money after college to get commercial property or would you say to start with single family homes.
felix oyinloye start with commercial. Any property 5 units or more. That way your increasing value by business instead of residential. Try and stay under 2.5million if you have no money down.
its a bit hard to hear sometimes. are you able to put a lav mic on your shirt to get better audio?
Where can I go to get a seller carry second mortgage with the best terms and what would the terms typically be
This is what I wanted to ask too, can you please let us know??
The loan officers will only allow a second mortgage as long as you're putting in 10%. So the seller carry needs to be at least 10% and you 10% cash. So depending on motivation 30% seller carry-back 10% you 60% loan
Wait a minute it's prices too high and the numbers don't work. I've got to find a different approach so if I readjust price and we agreed to price a Master Lease over and above the mortgage payment. Wow okay
Peter, what can be done when the lender says they don't want the owner to carry more than 5%???
Find a different lender
This guy is the TRUE UNCLE G
Thank you Peter for very good information, Looking forward to working with you as my mentor. God bless
sir do commercial financing banks even allow the owner to carry the second... ?
Yes
This video is Gold. Wish i would of watched this a decade ago.
Very informative, you really know your stuff.
Great video. Thanks
So much knowledge at my fingertips
There’s no excuse
I love your videos. I want to buy my first multi property need your advice. , offered at a base cap rate of 5.26% with a 7.20% proforma cap rate * Seller carryback financing for a quick close * The property includes three large units with various room configurations. Is it a good deal? What would be my next step?
Consider my Protege Program: www.commercialpropertyadvisors.com/protege-program
Great job!
Love all of your teachings!!
Great Brother - how to invest in commercial property without cash or credit if you are under 22?
no matter who you ask what they will always say...is..."Find the money."
thats a 9.8 cap rate on the owner carry first mtrg
Can these strategies trigger “due on sale” by the lender? Does that just apply for residential?
That would only be possible if the title was transferred. In commercial, if they get their monthly payments, the bank is happy.
We do Alternative Financing for RE Investors all the time . Banks are just tooo strict.
So helpful! Thank you.
I think you are referring to the owner receiving the lease payment but not the actual lease payment. The new investor is responsible for the actual new lease payment right?
Excellent
Great video as always.
I would love to learn from you I have a deal on the table for two multi family buildings that are distressed and I need some guidance on what to do to structure a good deal on them
Check out my Protege Program: www.commercialpropertyadvisors.com/protege-program
Peace, if you know of anyone looking for a commercial real estate loan...
I’m The Link, we have over 110+ specialty lenders offering literally thousands of commercial real estate loan programs and loan variations with billions of dollars to immediately deploy.
Name: Arthur
Email: knoclan@gmail.com
Phone: 256-500-1599
Thank you. That was quite informative. I’m grateful.
Hi Peter!! GREAT JOB!! I just LOVE,LOVE YOUR STLYE AND VIDEO'S! ! Thank YOU sooo very much for teaching us such valuable information! You're the BEST♡
Yet again another great video.
Thank you for such a great video.
Also have a question : There is a commercially very unattractive property in high distress over years located where the homeless hang out. It's never been listed on the market for sale, just sitting there unoccupied for several years. I would like to turn this distressed warehouse into an education center that teaches the history of the town for local children and community. I've found out from County assessor that this property is free n clear and is currently co-owned by family members (elderly parents and a daughter) in forms of living trust and a LLC. They are really famous wealthy people, and I am not. Any advise on how I should approach and contact them (email or mail, via CRE broker, etc) and also which structure would you recommend for my case? Once again, thank you and I will keep you updated if things go right :)
Contact them by mail, or any other form of correspondence that you think will actually reach them.
Thank you.
Danny Kim how did it go
Jitsuave Lassiter the owner is motivated at all.
Who da man? You da mayynn !
Great video!
can you be my coach?
Maybe. Go here to apply for my Protege Program: www.commercialpropertyadvisors.com/protege-program
What do closing costs typically look like on these deals?
Great content Peter. Thanks so much for sharing.
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nice
Very informative thanks!
😢
Great video, you are excellent to listen to and follow along. Thank you
I have an amazing property and owners are willing to carry 80% of 1.2 mil. I only have 30k how do I find a bank to lend me the rest.
What's the exit plan? How will you make money ??
Get a partner - join real estate groups (locally) and get one of them to take a chunk of the investment.
Peace, if you know of anyone looking for a commercial real estate loan...
I’m The Link, we have over 110+ specialty lenders offering literally thousands of commercial real estate loan programs and loan variations with billions of dollars to immediately deploy.
Name: Arthur
Email: knoclan@gmail.com
Phone: 256-500-1599
Say I'm a buyer and I find a seller willing to do seller financing... who takes care of the paper work and process? an attorney, CPA, real state agent? and who pays for that?
Ideally, smart commercial real estate investors handle that paperwork themselves or they hire their attorney to do it (you don't want the seller to do that), and ideally, you pay for it. Ideally, you negotiate an interest rate that is less than the what a bank would give you.
sweet, thanks for your reply! very interesting indeed
What's the minimum amount of cash needed to start commercial real estate?
The more, the better
MrCarterg 20 percent is recommended.
So are the small DP options not available? I’m confused as seller financing doesn’t require that
Peace Queen, if you know of anyone looking for a commercial real estate loan, we have over 110+ specialty lenders offering literally thousands of commercial real estate loan programs and loan variations with billions of dollars to immediately deploy.
Name: Arthur
Email: knoclan@gmail.com
Phone: 256-500-1599
Thank you Peter!
Asset base lenders
how do you get money to rehab property, constuction loan money.?
If you're planning on occupying the property, you can get a 504 loan. The banks will require 10% down but will allow you to finance an additional 10% for equipment and upgrades. At least that's what Wells Fargo does.
Occupying as in you yourself live on the property or occupying it with renters?
Who can you hire to structure and manage a deal like this?
Either an attorney well versed in this subject matter or you can learn these skills and do it yourself.
Real estate or acquisition attorney. If you have a CPA they are a great place for referrals too
Does the 35% expense include an average of vacancies?
NO
Isnt it an indult to refer to people as dummies, how about newbies?
What is seller financing ?
When the seller finances you
why should someone pay the mortgage for me
.
Can you clarify it for me so I shouldn't mess with banks is that what you say?
Good video, but I'm curious what happens if someone defaults on one of these deals. Say a 2nd mortgage. What happens, who stays above water?
If the Buyer doesn't pay, the lender has the right to foreclose. I don't know if that answers your question though?
Lets say the Net Operating Income is $50,000/yr, will a seller ever want to sell his property for $50,000 down payment?
It's possible.
Peter I would prefer to have the lump sum of $40,000 to invest in another bigger commercial property. Thank You Peter for your awesome training and relationships. Stay safe you and team🙏🏽