Commercial wholesaling applies the assignment model to commercial real estate, multifamily buildings, retail, office, industrial, and other income-producing property, rather than single-family homes.
Log in to followMy work is on the service side of real estate with a small team under me, and I keep looking over the fence at commercial wholesaling. My understanding is that you don't need mone…
I've been reading commercial assignment agreements lately, mostly because the paperwork holds my attention better than the buildings do. On residential everything I see is a flat…
I've been underwriting a 7-unit retail strip, about 11,000 sf, seller wants $2.1M. His marketing sheet shows an 8.2 cap but that's proforma with the two vacant bays filled at aski…
I've got a 40-unit garden style building tied up at 3.1m. Seller is an estate, no broker, deferred maintenance everywhere, in-place rents about $180 under market on 28 of the 40 u…
Every spreadsheet I open turns into another spreadsheet, and I'd like to actually get to a first deal. Two things are tangled in my head. First, valuation. On residential I get it…
An assignment of a small industrial flex building has come my way and I'd be the end buyer, 22k square feet, three tenants, contract price 1.4m, assignment fee 85k. I plan to fina…
Every piece I read about commercial wholesaling says the motivated sellers right now are in office and older retail. Fine, I believe there are sellers. What I can't work out is th…