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@Pernell22226 ай бұрын
Great information as always!
@Kismetkapital6 ай бұрын
We use Reonomy to find properties with maturing loans.
@CommercialPropertyAdvisors6 ай бұрын
Do you like it better than Co-Star?
@richardprice91623 ай бұрын
How do you find these loans Mr Peterson
@CommercialPropertyAdvisors3 ай бұрын
Learn more about commercial lending here: kzbin.info/www/bejne/ipamfqiEqNRnsNk
@alhajhamed17856 ай бұрын
Thank you so much I appreciate
@CommercialPropertyAdvisors6 ай бұрын
You are so welcome
@yamaninevers65846 ай бұрын
I appreciate the info but I do have a question.. you say find them off market, how do you do that? Where do you go?
@CommercialPropertyAdvisors6 ай бұрын
That's the multi-million dollar question! We keep that information very close to the vest and only share that with our Proteges because if it became public knowledge, it would create too much competition and then it wouldn't work as well.
@blipblop926 ай бұрын
Think about how you would contact people that want to sell their apartments, offices, etc.
@sagharghalati6 ай бұрын
So you buy a property that it’s loan is going to mature, owners current problem will be the new owner problem in next 10 years when the mortgage mature again , correct?
@CommercialPropertyAdvisors6 ай бұрын
10 years is a LONG time from now! When you improve the NOI and force the appreciation, you can then cash-out refinance or sell years later and reap a huge windfall.
@edgalarza26576 ай бұрын
800k not sure where to invest
@jefferyglass52696 ай бұрын
With opportunity #1, wouldn't you just be stepping into the same no cashflow situation, as you would get the same high interest rate the seller would attain in a refinance?
@anthonyj.47566 ай бұрын
Some simply over leveraged and had flawed exit strategies. Even with today’s interest rates, let’s say we’re able to buy below market rate from a distressed seller. Also, if the seller missed value add opportunities and/or had poor property management, these, not interest rates, are more the reasons they are distressed. These are issues that can be corrected and turn a failing property into a profitable one.
@blipblop926 ай бұрын
New owner would have the cash for down payment while the existing owner may not
@ynsworldwide6 ай бұрын
these situations can be taken advantage of through creative financing. You have the freedom with this option to create a way for the seller to still receive monthly recurring income without having to sell the property at a discount, while you as the investor are able to negotiate a more digestible interest-rate compared to where bank debt currently is, long-term fixed rate debt, and of course price point itself (if it’s still even needed). That’s going direct to seller is essential, so that you can build with the relationship upfront which will give more wiggle room in negotiation (simple psychology or the sales principle of “KLT” at play)