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#264698 - 12/15/08 02:02 AM Buying commercial property
babmukja Offline
Member

Registered: 09/24/07
Posts: 105
Loc: california, U.S.
Can anyone tell me how buying commercial property works?
I have an investor who would like to invest into commercial property.
I've done many leasing transactions but never done a buying or selling transactions before.

i just want to know what are some basic steps that ususally occur when you are in a buying transaction.

thanks

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#264857 - 12/15/08 11:34 PM Re: Buying commercial property [Re: babmukja]
super realtor Offline
Major Contributor

Registered: 05/01/05
Posts: 8475
Loc: georgia
1.Deciding on assett class to purchase

2.Learning what financing the buyer qualifies for with type of assett purchase.

3.Finding a couple properties that meets the investors criteria for what they can get approved for (realistically).

4.Put an offer in with a "letter of intent"

5.Go into contract and do your due diligence on the property.

It is way,way more involved than that but those are the basics.

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#264865 - 12/16/08 12:26 AM Re: Buying commercial property [Re: super realtor]
babmukja Offline
Member

Registered: 09/24/07
Posts: 105
Loc: california, U.S.
Hey, super Realtor. thank you for all your help.
by the way, do you know of any website or school where i can get some mentoring on this buying and selling transaction?
I don't mind doing all the work, but i just need someone to sort of guide me along the way since this is my very first deal. of course there will be commision split.

thank you and always appreciate the feedback.

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#265153 - 12/17/08 01:43 PM Re: Buying commercial property [Re: babmukja]
LG95172 Offline
Junior Member

Registered: 11/21/08
Posts: 7
Loc: California
I would suggest you look into CCIM for help. You may be able to find the help you're looking by contacting someone who is part of the organization in your area. www.ccim.com

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