Commercial Real Estate 101 - Where To Find Deals

Commercial Real Estate

Start Your Search In Unlikely Places

I’m a real estate investor working my own business and a coach for Bob Leonetti and Jayme Kahla through the SMI Funding and the Real Estate Profit Coach. I travel the country helping Bob and Jayme with their educational seminars. I am also a coach and work with our students on-site and assist them in building their real estate business.

I initially avoided commercial real estate because of all the perceived variables. Jayme and Bob quickly taught me that the biggest difference between residential and commercial are the zeros! LOL! I've since worked on numerous commercial deals and can honestly say from personal experience that Jayme and Bob were right. I love the zeros!

So where do you find commercial real estate deals? You probably won't be successful door knocking as you are with residential real estate. Here's a few tried and true techniques:

  • Hard Money Lenders
  • Private Lenders
  • Bank Workout Departments
  • Defaulted Commercial Paper
  • CCIM Realtors and Brokers
  • Real Estate Investment Clubs
  • Attorneys
  • Courthouse
  • Internet Search
  • Apartment Associations
  • Letters to Out of Town Owners
  • Distressed Properties
  • Networking

I was paid on a commercial real estate deal this year. It was a referral from a fellow investor to a private money lender that foreclosed on a property and wanted to sell it.

Want to learn more? Jayme and Bob put on a fantastic 3 day Commercial Property & Paper Boot Camp several times a year. It covers the commercial business in some very non-traditional ways, and walks you through the entire commercial process from finding properties to exit strategies! The next event is May 27 - 29 right here in Dallas. Contact me for more information and schedules.

Happy hunting!

 

Real Estate Profit Coach

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