How to Buy Distressed Commercial Property
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- เผยแพร่เมื่อ 28 ก.ค. 2024
- Distressed Commercial Property can make you a multi-millionaire on just one good deal. In this video, you'll discover the physical, financial and legal characteristics that make commercial real estate distressed and how you can buy distressed properties for profit. You'll learn how to locate them, finance them and design the right exit strategies.
www.commercialpropertyadvisor...
0:00 Intro: Don't Miss the Potential Fortune in Distressed Property
1:56 2 Real World Distressed Commercial Real Estate Deals
6:51 What is a Distressed Commercial Property?
10:15 When to Buy a Distressed Commercial Property
15:50 How to Find Distressed Commercial Real Estate
19:21 How to Finance Distressed Commercial Property
24:25 Exit Strategies for Distressed Commercial Properties
Learn how to successfully invest in distressed commercial property through our Protege Program: www.commercialpropertyadvisors.com/protege-program
This is the best step by step break down on how to purchase a distressed property I've ever seen on TH-cam
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.
You may be the best teacher/coach here at TH-cam University!
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.
Man, you are awesome and explain it very clearly! Well organized!
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
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.
This is Gold! Thank you Mr. Harris!
I continuously keep appreciating the tips in these videos and it brings life into ones'mind.
Thank you for your time and knowledge.
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.
Excellent, thank you very much for all this information.
Great video my brother, thanks so much for the great information and God bless you brother
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
Awesome video, Mr. Harris. You are a wealth of information, an expert in your field, and a great teacher.
Great video with the information a beginner like myself need. Risk is high in these type of deals. Thank you.
Mr. Peter thank for share your knowledge
Best regards
Pablo
Love this guy. Knowledge=Wealth.
Thanks for helping me get rich!
Peter's approach is very logical, non-hyped, and practical. Thank you!
Fantastic content thank you!
Thank you Peter for your contribution to the real state investment world.
Great video thanks brother
Great video. Thank you Peter.
Hello Peter. Another great lesson. Do you have any information regarding bank REOs as a possible way of locating properties?
Sir you are my best teacher. God Bless you. Thanks
Excellent video
Got that book the other day! 😀
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 !!!
🥳 Congrats Chris!
great video!
Thanks Peter for an education better than university!
PETER, Can you explain specifically the process of how to determine the ARV (market value stabilization)?
i hope i'm the 23,000 view. love this guy.
U the best!!
Great video
I like that shirt!
I love it
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.
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%.
In other words, all in costs have to be 75% of ARV
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
what are examples of holdings costs?
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?
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.
You are generous
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!
Watch all of the videos on this channel. That is a great place to start.
Thank you for the quick response!
good one, thanks for sharing, however, it is not 75%, it is 25% more.
Wow Mr. Harris,,
This is powerful information!
Can you share your insights on the details of wholesaling such a deal?
Thank you!
Bill Turner
Learn more here: th-cam.com/video/9ZraWnoU_ik/w-d-xo.html
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!
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.
I'm surprised Peter didn't correct you: his name is Harris.
How do you determine the ARV?
Market CAP Rate x Pro Forma NOI = ARV
I’m loving it can you be my mentor because this is what I want to do it give you Financial freedom
Apply to my mentoring program here: www.commercialpropertyadvisors.com/protege-program
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
Sounds like he needs a hard money loand from you
I would like to be involved in within your mentorship, is there a place that has listings that are off market?
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.
How do I sign up to be a student?
Apply here: www.commercialpropertyadvisors.com/protege-program
Commercial Property Advisors Is this program still being offered? I just tried to apply and there aren’t any interview appointments available.
How do I get you to be my mentor?
Is there a database where you can find addresses and property owner names of commercial properties?
Yes.
@@CommercialPropertyAdvisors haha thanks for confirming. Do you know what it's called so I can find it?
@@ivanmills6482 We only share that information with our Proteges.
Who owns, deed, the property in a MLA?
Original Seller has title/deed to the property in a Master Lease Agreement
I want to become a student
👍🏼
thats actually 25% greater
700th like
Folks he means to say to do the deal when all in cost do not exceed 75% OF ARV
1,800,000 x 0.75 = 1,350,000
Or to put it another way
1,350,000/1,800,000 = 0.75 = 75%
All in cost 1,350,000
75% MORE than that would be 1,350,000 x 1.75 = 2,362,500.....