Partner on Commercial Real Estate Deals with The Flip Man - Apartments, Hotels, Self Storage

[Chaz770]

be very careful of a guy in Baltimore name Kenneth Gill of the Gillard group . He totally screw up a home of mine and thousands of dollars

[doctorbusiness]

Hey Flipman, I have been in the hospital (after suffering a stroke). I need to partner, or wholesale these deals right away. They are several great apartment deals that I found!Are you still looking for more deals?I must get these done, before I lose them! Lets talk right away! Call me, these deals are for real! My number is 810-771-8889, William Allen

[spectrum0590]

Very informative video!

[TeachMeFlipping]

@Arlenienj Sometimes if they gave the house away or paid you to take it over it's not a deal. If there are vacant houses in an area or on a block, it only needs to be a couple and not every other house.

[TeachMeFlipping]

@Arlenienj All properties for sale or vacant are not deals if there's no market for it, meaning buyers

[raybonent]

Its Bonnie, Hi-apartment complexes...I have access to an asset managers list. What type of apartments B, C. What cap rate are you/your partners looking for? I need a deal.....badly. PS: thank you for talking with me today.

[TeachMeFlipping]

@raybonent A, B, C or D, cap rate needs to be 11% or higher

[Pyramidtank]

what information should i get from the seller of the commercial property before bringing a deal to you? like for an apartment building with tenants, storage bins, or office buildings.

[TeachMeFlipping]

@Pyramidtank Mainly apartments,

Rent Rolls, last 2 years of Profit and Loss Statements along with Year to Date statements, any loan balances

[peachtree05]

Is it possible to wholesale multi-million dollar properties like a mansion the way you would a normal residential property?And if so where would you find a buyer that could pay so much for something that expensive? And how do you find real estate like that other than using real estate agents and realtors?

[TeachMeFlipping]

@peachtree05 Different ball game but the same rules apply, never done one of those but I wouldn't be afraid to tackle that CHECK

[joski1234]

Hello Tyrone,

I have a deal right now for sale by owner. You may know me- propertykid

Thinking of assigning it to a buyer. 40+ unit apartment building needs rehabbing. Seller is very motivated. Property vacant for 1 year

[TeachMeFlipping]

check your messages

[crystal12250]

your are the bomb, thanks so much,

i have learned so much from you,

i need to ask a question,

there is a property in my town, up for auction next week, the bid price starts out at 6,000, value of property is 66,000,

can i find the owner and make an offer without going thur the court system, and dealing with all of those bidders?

i need your help now, please

i could send you something if you could help me, i am in need of money,

thank you,

[TeachMeFlipping]

most of the time when it reaches that point there's nothing you can do but it wouldn't hurt to try

[TeachMeFlipping]

check your inbox

[bigpimpin08big]

Hey Tyrone

Quick question, I just recently placed a property under contract but the lady is still living in the house. Whats the best way to go about showing your buyers the house without her getting in the way by talking to them and telling them the actually price of the house, and cutting you out of the deal.

-Richard

Columbia, SC

[TeachMeFlipping]

you simply have to be up front with everyone involved when the seller still lives in the house... but always send vestors by the house first to do a drive by and then schedule a time to view the inside if they are interested from there... let them know not to disturb because the house is occupied, most vestors understand that

as far as them stealing your deals, that's why you have a contract and we have courts of laws

[nmr20067]

How in the world do you search for Commerical Real Estate? It doesn't seem like find SFHs.

Can you do a video on finding Commercials deals to get started?

[TeachMeFlipping]

I don't want anyone to get distracted with this video and offer, the intent was to give an additional option on making money from what someone may already have a lead on just by association, etc.

Commercial Real Estate is vast compared to SFH and a video wouldn't do it justice.

I'M NEW AT IT ALSO

Simply keep this video in mind if you run across a possible deal. I have partners that can close these opportunities.

[restequi]

How about CT or MA..?

[TeachMeFlipping]

oh yeah, any area

[WannaTalkMoney]

Would you be interested in any commercial properties in the Detroit Michigan Area?

[TeachMeFlipping]

Yes, a deal is a deal

[bmcomp1217]

Tyrone,

I'm over here in east TX... would you like commercial deals in this area? I am sort of like you I only deal in SFR houses but do have a strong interest in the commerical side. I don't know much about it but if you're willing to help put the deal together and let me learn from you I will gladly bring you whatever I come across.

-Brandon

Longview, TX

[TeachMeFlipping]

Oh yeah, send me what you can find