It seems that this forum is excellent for analyzing deals and getting feedback. But I, just like you, have been trying to figure out how people find the deals. Especially the 5 - 50 multi-unit properties.
I am experienced in finding deals in the SFR arena, and I hope some experienced people could shed some light to finding deals in the commercial (multi-unit apts) arena.
I find deals everywhere. The MLS, ****This URL Not allowed****, driving around in the car, here on TCI, the problem is never enough deals the problem is enough money to do all the deals.
I suspect the problem is a basic dichotomy in the real estate business. There are two ways to find deals, 1) find a bargain and 2) add value. Most SFR "deals" seem to be about finding bargains, in other words a seller who is sufficiently distressed or sufficiently ignorant as to sell their property for 20-30% under retail.
That happens much less frequently in commercial transactions. The key to commercial deals is adding value. Find a user, change the zoning, build a building, etc.
Quote:
On 2006-03-30 11:13, commercialking wrote:
That happens much less frequently in commercial transactions. The key to commercial deals is adding value. Find a user, change the zoning, build a building, etc.
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It seems that this forum is excellent for analyzing deals and getting feedback. But I, just like you, have been trying to figure out how people find the deals. Especially the 5 - 50 multi-unit properties.
I am experienced in finding deals in the SFR arena, and I hope some experienced people could shed some light to finding deals in the commercial (multi-unit apts) arena.
I find deals everywhere. The MLS, ****This URL Not allowed****, driving around in the car, here on TCI, the problem is never enough deals the problem is enough money to do all the deals.
I suspect the problem is a basic dichotomy in the real estate business. There are two ways to find deals, 1) find a bargain and 2) add value. Most SFR "deals" seem to be about finding bargains, in other words a seller who is sufficiently distressed or sufficiently ignorant as to sell their property for 20-30% under retail.
That happens much less frequently in commercial transactions. The key to commercial deals is adding value. Find a user, change the zoning, build a building, etc.
Try ****This URL Not allowed****.com ... for all your commercial needs!
OOPS!
this post was getting good ..heheh...i wonder if i subscribe will TCI dislose the answer ....anyone know ?
Quote:
On 2006-03-30 11:13, commercialking wrote:
That happens much less frequently in commercial transactions. The key to commercial deals is adding value. Find a user, change the zoning, build a building, etc.
Could you expound on how these things add value?