How to Buy Distressed Commercial Property

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  • เผยแพร่เมื่อ 24 ธ.ค. 2024

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  • @CommercialPropertyAdvisors
    @CommercialPropertyAdvisors  2 ปีที่แล้ว +1

    Learn how to successfully invest in distressed commercial property through our Protege Program: www.commercialpropertyadvisors.com/protege-program

  • @lifeisgood7509
    @lifeisgood7509 5 ปีที่แล้ว +14

    This is the best step by step break down on how to purchase a distressed property I've ever seen on TH-cam

  • @professorreginapiercebrown4530
    @professorreginapiercebrown4530 3 ปีที่แล้ว +4

    At 13:16 -- instead of dividing by 75%, you can simply multiply the "All In" number x 1.34%. Multiplication is much easier than division because I can do it mentally.

  • @miketran570
    @miketran570 2 ปีที่แล้ว +3

    He explains right to the point no b/s waste time, non-hyped and very easy to understand. Great video I really appreciate your work.

  • @sammierogers489
    @sammierogers489 7 ปีที่แล้ว +13

    You may be the best teacher/coach here at TH-cam University!

  • @lieutenantlawson4295
    @lieutenantlawson4295 7 ปีที่แล้ว +23

    Man, you are awesome and explain it very clearly! Well organized!

  • @Pause77
    @Pause77 7 ปีที่แล้ว +15

    Damn dude this is great I read your book too thank you
    Keep this up this guy knows his stuff ... so tired of the guru real estate bs...
    Peter harris sounds very legit

  • @alberttaylor9998
    @alberttaylor9998 ปีที่แล้ว

    Great video with the information a beginner like myself need. Risk is high in these type of deals. Thank you.

  • @jeffg6924
    @jeffg6924 4 ปีที่แล้ว +2

    Peter, you are a great guy for sharing this info in such a clean and condensed way, cutting out the fat. Just bought both of your books today. I've finally reached the level (after years of engineering) where I will be purchasing multi-family apartment buildings (>20 units each), and your video help me fill in the holes and create software tool for doing deep analysis and forecasting viability of apartments, taking into account all four phases you laid out.

  • @vernl641
    @vernl641 7 ปีที่แล้ว +5

    This is just the information I was looking for. I want to invest in a property that's distressed but I am scared of loosing my money, however this makes me more confident. Thanks.

  • @killerbadger69
    @killerbadger69 7 ปีที่แล้ว +6

    This is Gold! Thank you Mr. Harris!

  • @gizzeconstruction
    @gizzeconstruction 10 หลายเดือนก่อน

    Great video. Thank you Peter.

  • @himmy4413
    @himmy4413 3 ปีที่แล้ว +2

    There is a mistake in the video, Peter says ARV of distressed property has to be 75% more than all in cost. It should be 25%.

    • @himmy4413
      @himmy4413 3 ปีที่แล้ว

      In other words, all in costs have to be 75% of ARV

  • @MB-qz7xb
    @MB-qz7xb 7 ปีที่แล้ว +3

    can you please make separate vidoes to explain the exit strategies in more clear and detailed way. Thank you very much for your effort and time to explain

  • @ellenmax2826
    @ellenmax2826 2 ปีที่แล้ว

    Thank you Peter for your contribution to the real state investment world.

  • @caperschristina4653
    @caperschristina4653 3 ปีที่แล้ว +1

    Love this guy. Knowledge=Wealth.
    Thanks for helping me get rich!

  • @ahumm8280
    @ahumm8280 5 ปีที่แล้ว +3

    Got that book the other day! 😀

  • @ThatManSimmonds
    @ThatManSimmonds 3 ปีที่แล้ว

    what are examples of holdings costs?

  • @davidcatuna2965
    @davidcatuna2965 3 ปีที่แล้ว

    Hello Peter , great video and presentation. Witch state are you located? Are you doing any classes or seminars? Let me know when you are free! Many blessings. Not experience in the commercial real estate, only in Residential so far. But I m really like to start in commercials. Thank you Best regards David C.

  • @valentinec1245
    @valentinec1245 5 ปีที่แล้ว +1

    Great video my brother, thanks so much for the great information and God bless you brother

  • @billturner1960
    @billturner1960 ปีที่แล้ว

    Wow Mr. Harris,,
    This is powerful information!
    Can you share your insights on the details of wholesaling such a deal?
    Thank you!
    Bill Turner

  • @mantaneramathebane3283
    @mantaneramathebane3283 6 ปีที่แล้ว +1

    I continuously keep appreciating the tips in these videos and it brings life into ones'mind.

  • @jayliu645
    @jayliu645 ปีที่แล้ว

    good one, thanks for sharing, however, it is not 75%, it is 25% more.

  • @kaminieiko2562
    @kaminieiko2562 7 ปีที่แล้ว +2

    Hello Peter. Another great lesson. Do you have any information regarding bank REOs as a possible way of locating properties?

  • @chrisbrandlon1614
    @chrisbrandlon1614 4 ปีที่แล้ว +8

    Peter's approach is very logical, non-hyped, and practical. Thank you!

  • @jyobaccio1
    @jyobaccio1 6 ปีที่แล้ว

    Peter, how do you plan your days to locate the type of distressed properties you describe? Do you go on listing sites or call agents or pay for mailing? Or, do you have attorneys or accountants that refer you?

    • @CommercialPropertyAdvisors
      @CommercialPropertyAdvisors  6 ปีที่แล้ว +1

      That is something I keep close-to-the-vest and only share with my Proteges. We spend hundreds of thousands each year in marketing costs to locate off-market sellers and are always running split tests to fine tune and come up with new ways to do it. Sharing that information to the general public would saturate those techniques with competition and render them ineffective; so not only would it hurt us, but it would hurt all the viewers too.

  • @christophergrant4631
    @christophergrant4631 4 ปีที่แล้ว

    PETER, Can you explain specifically the process of how to determine the ARV (market value stabilization)?

  • @daveh4864
    @daveh4864 7 ปีที่แล้ว +1

    Thank you for your time and knowledge.

  • @isaiahhoover3996
    @isaiahhoover3996 2 ปีที่แล้ว

    Great video

  • @Mr.Alkebulan
    @Mr.Alkebulan 2 ปีที่แล้ว

    Love these Videos Peter I’m a Mentee under a real estate developer so I’ll be snatching up plenty of these in the future . Thank you Peter for any game you offer I’ll see you in the future when I get to that level when I mater development hopefully at investfest maybe God Bless you !!!

  • @ivanmills6482
    @ivanmills6482 ปีที่แล้ว

    Is there a database where you can find addresses and property owner names of commercial properties?

  • @josephmclean2638
    @josephmclean2638 5 ปีที่แล้ว

    Great video thanks brother

  • @andrewcheek1606
    @andrewcheek1606 7 ปีที่แล้ว +5

    Hi Peter, I have been watching your videos for a long time and I want to jump in! I am 27 and a recent college graduate. I would like to utilize a MLA to acquire a multi-family that generates a decent cashflow. But I'm unsure how to locate a good deal and also what should my end goal be for this property? I would like to have multiple properties but just not sure how to start. Could you or someone help get me started? Thanks!

  • @adrianmol7698
    @adrianmol7698 ปีที่แล้ว

    I would like to be involved in within your mentorship, is there a place that has listings that are off market?

    • @CommercialPropertyAdvisors
      @CommercialPropertyAdvisors  ปีที่แล้ว

      Apply to our Protege Program here: www.commercialpropertyadvisors.com/protege-program
      There isn't a list of un-listed properties; that would defeat the whole purpose of the concept. Off market deals are off market. We teach our Proteges how to find off-market deals. There isn't a list of them.

  • @VinhLe-hq8uy
    @VinhLe-hq8uy 3 ปีที่แล้ว

    How do you determine wether the property is worth 1.8M? Would you need an appraiser present? I'm looking at purchasing a property for $300K repair for another $100,000 so ARV would be $533,000. How would I know the property could be worht the 533,000 before I make the purchase? How would this be determined? Thanks!

  • @FLYSHOPBRASIL
    @FLYSHOPBRASIL 7 ปีที่แล้ว +1

    Excellent, thank you very much for all this information.

  • @stephanierey2731
    @stephanierey2731 4 ปีที่แล้ว

    great video!

  • @muhammadqqureshi6449
    @muhammadqqureshi6449 4 ปีที่แล้ว

    Sir you are my best teacher. God Bless you. Thanks

  • @canjorin124
    @canjorin124 4 ปีที่แล้ว

    🥳 Congrats Chris!

  • @quincydawson200
    @quincydawson200 7 ปีที่แล้ว +3

    How do I sign up to be a student?

    • @CommercialPropertyAdvisors
      @CommercialPropertyAdvisors  7 ปีที่แล้ว +2

      Apply here: www.commercialpropertyadvisors.com/protege-program

    • @RonnyJR
      @RonnyJR 5 ปีที่แล้ว

      Commercial Property Advisors Is this program still being offered? I just tried to apply and there aren’t any interview appointments available.

  • @robertyoung6320
    @robertyoung6320 5 ปีที่แล้ว

    Finding ways to finance this can be very difficult also how do I how do I get your book and a forum or something on that advisory of such Investments

  • @irshadosman6140
    @irshadosman6140 ปีที่แล้ว

    You are generous

  • @lvteachme973
    @lvteachme973 5 ปีที่แล้ว

    Thanks Peter for an education better than university!

  • @SuperEagle421
    @SuperEagle421 7 ปีที่แล้ว +1

    Awesome video, Mr. Harris. You are a wealth of information, an expert in your field, and a great teacher.

  • @johnpelaez8312
    @johnpelaez8312 6 ปีที่แล้ว

    How do you determine the ARV?

  • @oscarrobertson2257
    @oscarrobertson2257 7 ปีที่แล้ว

    Excellent video

  • @matthewmitchell60
    @matthewmitchell60 5 ปีที่แล้ว

    I have a commercial deal where the seller has a lien filed against the building that he paid $78k but still owe $125k the owner wants some one to buy and refinance the balance owed on the lien and the seller wants to keep ownership of the building the building is valued at $1.4 million the owner is deeply distressed is this a deal worth going after and how can it be done to make a profit and can i position myself so the owner will pay he cant pay now thats why he is in trouble now. The property use to be a store with gas station its not operating now and if owner cant find some one to buy out the lien the property will go to a auction ordered by the judge. What should i do please help. Thank you

  • @pablogarcia8918
    @pablogarcia8918 6 ปีที่แล้ว

    Mr. Peter thank for share your knowledge
    Best regards
    Pablo

  • @AaronFaucett
    @AaronFaucett 6 ปีที่แล้ว +1

    i hope i'm the 23,000 view. love this guy.

  • @Bromeo4u2002
    @Bromeo4u2002 7 ปีที่แล้ว

    Mr peter Thomas, I've found an opportunity on a distressed apartment which has all three areas of distress, physical, financial and legal. This property would be worth millions if all the issues could get resolved.

    • @ApartmentKing66
      @ApartmentKing66 5 ปีที่แล้ว

      I'm surprised Peter didn't correct you: his name is Harris.

  • @opb7749
    @opb7749 5 ปีที่แล้ว +1

    I like that shirt!

  • @markforrest383
    @markforrest383 2 ปีที่แล้ว

    I’m loving it can you be my mentor because this is what I want to do it give you Financial freedom

    • @CommercialPropertyAdvisors
      @CommercialPropertyAdvisors  2 ปีที่แล้ว

      Apply to my mentoring program here: www.commercialpropertyadvisors.com/protege-program

  • @rightright6582
    @rightright6582 2 ปีที่แล้ว

    Who owns, deed, the property in a MLA?

  • @rhondapringle6964
    @rhondapringle6964 5 ปีที่แล้ว

    How do I get you to be my mentor?

  • @davidblimy9673
    @davidblimy9673 7 ปีที่แล้ว +2

    U the best!!

  • @levelupdetroit2286
    @levelupdetroit2286 4 ปีที่แล้ว

    I want to become a student

  • @lynn1959100
    @lynn1959100 7 ปีที่แล้ว

    I love it

  • @royalflush8173
    @royalflush8173 ปีที่แล้ว

    thats actually 25% greater

  • @annalohrealtor
    @annalohrealtor 2 ปีที่แล้ว

    👍🏼

  • @MemphisRealtorAppraiser
    @MemphisRealtorAppraiser หลายเดือนก่อน

    😮

  • @Victor-dx2ew
    @Victor-dx2ew 5 ปีที่แล้ว

    700th like

  • @alexgoumilevski5864
    @alexgoumilevski5864 4 ปีที่แล้ว

    Fantastic content thank you!