Commercial Real Estate
Hey everyone, question for you CRE sharks. I have been selling for 3-4 years now and finally starting to have consistent conversations with owners of large NNN properties. As you know, nobody wants to sign an exclusive and they say shop it around with your buyers.
What kind of agreement should I have the buyer sign to protect me from the seller or another broker from screwing me out of the commission? Basically, if a seller or another broker has a CVS for $10M then what does the buyer need to sign without giving away the other brokers name or CVS location that will protect? I'm sure these large CRE firms aren't sending off market deals around to buyers without an agreement in place with them. Also, let's pretend the seller signing an open listing agreement isn’t an option either.
As a young investor looking into Strip Malls and Office Spaces, I see these low-enough CAP rates that disincentivize purchasing. I figured if prices drop soon, it’s worth waiting. That being said, what are indicators of prices dropping? When would that happen, if ever?
Fired after 6 weeks at a large CRE firm! Should I leave it out of my resume? Or keep it since it’s a respected company?
I was fired today from a large CRE firm. This is my first real job in CRE. Should I put it on my resume? Can I say it was a contract position? Or should i leave it out completely and remove from my LinkedIn?
My tenants called me to let me know that a homeless person broke their front windows overnight. We filed a police report and I asked them to file an insurance claim. They are all supposed to have insurance but 2/3 of the tenants do not. My question is am I on the hook for the windows? I thought since it’s a NNN Only thing I’d be on the hook for is roof. Please let me know thanks
While working as an agent at Marcus & Millichap would it be allowed or be legal for me to also run realestate syndication and purchase my clients property or have clients invest with me as an acting agent with syndication my company? Whats the right way to do this?
I'm a licensed real estate agent and recently teamed up to do leasing with an investor who is scaling his business with anything between 1-50 units in our local market and has no problem with capital. I have experience in management and no problem with the day to day grind work that's required to scale (cold calling, door knocking, etc), so I'm looking for advice in what the most effective strategies are to find distressed properties/multi-family leads. I'd like to step into an acquisition lead for his business and would appreciate any feedback on the best steps to get started. Some ideas I've had:
- Cold calling non-owner occupied homes
- Scanning municipal rental registration for owner contact information; do cities have accessible databases of this?
- Running FB ads targeting pre foreclosure/distressed properties
For anyone who has been in a similar position, what strategy was the most effective to get started with?