Just was curious if people had thoughts about this or maybe even attended.

https://commercialobserver.com/2024/05/bob-knakal-strip-mall-guy-social-media-gala/

Well I failed the state portion (18/21pts for Texas. 40 questions) I passed the national with flying colors(85 math intensive question)

My longterm goal is to become an investor So I want to know what can I do as a new agent once I get my license I have a fulltime job and my weekends are free guaranteed.

Hey everyone,

I'm planning to invest in property in Dubai and research different developers. Can anyone recommend some reputable companies known for high-quality projects, timely delivery, and good value for money?

Whether you've bought a property yourself or have insights into the market, I'd love to hear your thoughts! Also, if there are any up-and-coming developers I should be aware of, please share! Thanks in advance!

Hi all, I'm looking at a few options for valuation software to make my life a bit easier. I've been looking at a few options and would like your honest opinion from your experience.

Currently looking at Rockport, Realquantum, and Argus.

Hi everyone,

I'm in Europe and thinking of investing in small spaces in high or gentrified streets, to lease as pop ups.

It seems like a good investment but i can't find any datas or even specific forums to understand the global demand, better.

Do you have any experience or opinions on the matter ? Pros or cons welcome.

Hi all,

I am looking at some properties to lease in the 15,000 sq ft range with significant $4mm in TI. This will obviously require a PG.

The value of the property is going to be something like $5mm with $4-$5mm in TI and additional electrical / roofing capex. I don’t think my personal balance sheet and income is going to be sufficient for a true personal guarantee to cover the $80k/month lease.

Are there brokerage services for guarantors where I can add a wealthier person to my lease for a fee or equity in the business? I would imagine some wealthier folks would be interested in PG’ing lease deals like this where the business will cover rent by at least 10x EBITDAR.

I suppose it could be an insurance product as well.

Sorry for the trivial question but my google search results in nothing relevant and chatGPT isn’t particularly helpful.

Hello! My parents are planning on selling their current commercial property (industrial warehouse+office space) and start looking at Absolute NNN properties instead as they start to want to retire and ideally spend little to no day-to-day time managing a property.

They are in California and their broker has been showing them places like chain restaurants and pharmacies. Is that pretty much the core of the market? Are there any good resources for knowing what to look for in an Absolute NNN agreement, or any advice you might have?

I have evicted a tenant from a commercial property I own in Texas. I worked out a settlement for them to pay about 1/4 of what they owe and a payment plan (so that I have some chance of recovery and won't crush them under debt). They were under a 5 year lease and failed within the first year. They also moved into the property (lease allowed for residential since there was an apartment that was supposed to be a STR as part of a mixed use property) and because of them moving in, the kids did thousands of dollars with of damage and they had some cats (use your imagination here). I got them out as soon as I could but not before they did significant damage. Even with all of that, I settled with them for past due rent and some of the damage cost (which comes out to about $75k). My issue is the debt payment agreement with them is unsecured and they are moving to another state. I am betting they will stop paying on it. I know they have an asset in another city. Can I file a lien on that property, or do I have to wait for them to stop paying and then get a judgment against them? (I plan on chatting with my lawyer too, but every time I pick up the phone I am sending him more money that I can't afford since I am not getting any rent, so thought I would ask here first.)

Hello all,

I am soon to be a REPE analyst for my final internship and i wanted to know what were the best cities for REPE in Europe considering the quality of life/salary ratio ?

I have seen a lot of opportunities in RE in Madrid and Milano but i am still wondering if the pay you get there allows you to live "decently" and to save some money

Thanks!

I own a few commercial buildings across different assets: multifam, warehouse, office, retail. The key for commercial real estate is tenants, since I have some down time right now, I want to become a leasing agent to develop those relationships, money is nice but network is more important. I already coldcall and source for my own deals and I already lease my own properties.

For purpose of doing my own deals in the future, do you guys recommend I get my license and join a small brokerage or big national brokerage like CBRE? Any other advice for an investor turned agent?

Im a 16 year residential broker that’s transitioned to the commercial side. I’m currently making calls to owners chasing what my mentors buyers need.

In the mean time, I’m trying to find my focus on which asset class to specialize in. I’d like some insight to how experienced and successful brokers found their specific asset class and why you chose that route.

Any broker input is appreciated!

Thank you in advance

First time going. What's good?

Hello I am 25 years old from the DFW metroplex and wanting to break into Realestate. Its a complete career shift for me. I am a blue coller worker and i don't have a college background but I'm currently working on my realestate license. I am wanting to work mainly in Commercial and land. I want to know , what jobs do i need to be aiming for to break into the industry. My main goal is to soak up as much knowledge as i can and i am willing to work for free to do so.Any advice helps and would be much appreciated. Thank you and have a great day .

I have the opportunity to work with a seller (close family friend) to purchase up to 16 of his multifamily properties. This is outside of my wheelhouse as far as making an offer on a portfolio as well as structuring this deal as I have only bought single properties before. Excited to hear about your experiences in buying portfolios.

I own a retail center that includes a Starbucks drive though. I checked placer.ai and they are showing a visitor count of 17k (about the median for other local locations.) They have been there 20 years (5 year lease +3 options)

They want to do a 10 year lease extension (first 5 years current rent + 3% and next 5 years at 10%) plus two 5 year options at +15% (They could exercise the existing option at +15% and have one additional 5 year option +15%)

The thing is the existing lease has a early termination clause (3 months payment and 120 day notice) When the lease was signed the area was all new and sparsely occupied- now it is fully built out. Anyone have luck getting them to remove it? I feel like any kind of long term lease offer isn't really valuable with this sitting there.

With how the lease sits- I'm thinking to counter them with the current option they have and 2 addditional 5 year options at +15%

Thoughts?

Would be much appreciated if you would be willing to connect.

I am 4 months into CRE. I have 6 clients (under contract) and 1 completed transaction with 3 more on deck. But they are all leases. I obtained the clients from callers calling on listings from our brokerage. I absolutely hate cold calling because I get cold called daily and can't stand it. Total time suck. I feel it's generous when I just hang up, saves up both time. But I have heard that it's like 60%+ of the job (to cold call for listings). Where you call the building owners and try to extract when or if they are planning a move to sell or buy.

Do brokers outsource this? How is this done when you are just starting? I have enough money to last a year with no sales at all, but if the job is mostly cold calling, I'm not sure I actually want the job. I love every other part. I love researching properties, closing sales (face to face), touring properties, negotiating, client communications, pretty much everything but cold calling.

So if you're an experienced broker, please enlighten me.

We all love it (not) but how are you creating these today? Using AI? Builders online? (CREOP/CRE Builder etc)

Anything else?

There has to be an easier way transferring data from excel to InDesign...

Hello everyone, wholesaler here. I have only done residential deals thus far but, I’m in the midst of doing my very first commercial deal. It’s a Class B building that was used as a farmers market previously & is now vacant. How long does it take for these type of deals to close? If the property has went into foreclosure, does that make the process more difficult or longer? How do I get the information I need to calculate things such as NOI, Cash on Cash Return, Cap Rate? Well, I think I’m good on Cap Rate once I get NOI. I’ve yet to establish my LLC, will that make it harder to do commercial deals? Should I utilize my mentor’s LLC to make offers and/or complete deals? Any tips or pointers will be greatly appreciated!

I'm a physician in California and I have a business partner who wants to open a retail store. (Furniture). Partners family has several east coast stores and we would have access to legacy purchasing contracts. The potential numbers look very promising. Here's the problem..

We've looked at great locations in shopping centers with 30% vacancy and spaces that have been vacant for nearly 4 years, yet the listing agents seem less than eager to move forward. Here are the issues as I see them:

1. Lease rate will need to drop significantly.
2. I am willing to sign a 5 year lease, but as I will be the guarantor, I'll need a lease termination clause with a fee associated. What's reasonable?
3. I won't need extensive TI's, But I would like the lease termination fee to be about 3 months rent, certainly more than the TI's needed.

The space is big, about 10,000 sqft. I suspect the problem is that they have their hearts set on a national retailer. We are a start up with good contracts. They are asking $32/sqft/year plus $11 NNN. I think that's aggressive pricing for a space that has been vacant nearly 4 years.

I'd love to hear your thoughts and any ideas on the best way to proceed.

Does anyone have a camera system they recommend for small multi / CRE property common areas? I was thinking Ring or Blink but curious to see if there is a better recommendation. As far as wifi, we would plan to use one of the long term tenants networks in each building.

I’m in Queensland. Thanks!

I dont mean to offend those of you who broker and facilitate CRE transactions. As a first time CRE purchaser, what would the downside be if I do not use a broker? Regardless if the sellers broker would get double the pay or not, even at no cost to me - what are some benefits and what could be some potential pitfalls of not utilizing a broker to purchase?

Forexample, my business leases space, I have bought a few houses and residential RE and looked at other leases and am very handy.

I work at a tropical fish store, and the owner/my boss wants to retire next year, and I would like to buy the store from him. I have been working here for 6 years, and the store has been here 20 years. I mean this as a fact of the business, not to sound full of myself, but I am very good at what I do and have plenty of people who can vouch for the fact that I can continue to run this business for another 20 years. Unfortunately, the owner of the strip mall where we rent is not sure about this. When I brought up purchasing the business and transferring the lease to me, he informed me that I will need 6 months security deposit and to have a guarantor sign for me for 3 years. I am 26 and don't own a house, I pay my bills but I don't exactly have a ton of worth (in a fiscal sense) to my name. My lawyer agrees that this is absurd and is doing what he can, but I'm not sure what he will be able to do. Surely that is not normal, even for a new tenant? I'm just continuing to run the same business I've been running for the last 6 years, I'm not sure if there's any business reason for needing that large of a deposit?

If this at all affects any information anyone can give me, I am fairly confident that this is a prejudiced decision on their part, until I informed them I was planning on buying and running the business they assumed I was my boss' secretary (I am a woman) and not the stores manager

I have definitely left some information out, I'm sure. It's a strip mall, I will have a triple net lease (I am being charged base rent as well as fees for the deposit).

Any advice?

EDIT: additional context I'm not taking on any debt purchasing the store, I am buying it outright. I have been running the store for the last 5 years, so I have already shown that I am capable of making sure the rent comes in on time. This is not 'A' or even 'B' real estate. It is solidly 'C' real estate. I'm not mad about that, but it does mean that the other lots sit for 4-5 years at a time before they get a new tenant in, so I'm extra confused as to why they wouldn't want the same tenant to stay to guarantee a revenue stream We are an extremely successful business. That is largely due to my own efforts put in

Are commercial brokers using the California Association of Realtors "Commercial Property Purchase Agreement" these days? If not what are they using?

What questions could I ask regarding an office and retail portfolio on the asset management side that would really knock the socks off of an interviewer?

Hello,

I am new to Commercial RE and am looking into purchasing an NNN property for long term appreciate and existing tax writeoff. I have some questions about operating and financing a NNN lease. Any help would be appreciated:

1. My understanding is that the tenant pays all expenses in a NNN property. The owner only has to pay for management of common areas (grounds/parking lot etc) and insurance of the property. Is this accurate or are there other expenses that I am missing

2. What is the most efficient way of financing a NNN property. I only plan to be a landlord and do not want to use my home equity as a collateral. Are there any SBA programs available.

3. Is there any type of NNN property that can help with bonus depreciation of capital equipment to give tax writeoffs this year. I am looking at dentist's office, gas stations and drive through's so far.

Looking forward to your replies.

Basically, I want to open a business. It looks to me like the only loan I would ‘qualify’ for would be an SBA loan. If anyone has any other options I can look into, please let me know.

Anyway, I was arrested but not charged with felony drug offense about 3 years ago. The charge shows ‘dismissed’ online.

Will this disqualify me from applying for an SBA loan?

Any insight would greatly be appreciated.

Hi everyone,

I've been a certified residential appraiser for about 8 years and I'm in my early 30's. I've been considering a career transition for multiple reasons. The overall health of the industry is one and I just am kind of bored churning out the same reports over and over with no challenge. I suppose my skill/personality set is sort of in the middle, which is why I probably was drawn to residential appraisal in the first place. I'm good with numbers, but not the smartest guy in the room and I'm outgoing, but I don't have the personality of a full on salesperson/broker. There seem to be a million different paths/job roles in real estate with different sets of classes to take (Loan origination, asset manager, portfolio manager, development, etc, etc). I was just curious if anyone had a good recommendation on a role I would be a good fit for and what classes I could consider taking before applying to jobs? I have a good foundation for real estate analysis, but I'm worried in job interviews that I may have a gap in my experience with a lot of the software that is used by Commercial Appraisers/analysts. I would prefer something remote or hybrid and I would prefer something with at least a base pay, but I am interested in more entrepreneurial type roles. My wife makes great money so I would be happy with a salary around six figures with an upside say with a start up company. I really appreciate any insights that are thrown my way to save me a little time and give me a little clarity on my next career path. FYI, I live in the Chicago land area if anyone wants to connect. Thanks!