I finally have a First commercial buyer, I coms from mainly residential!
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[{"id": "ha88kbd", "text": "Well, to start what asset type are they looking at?", "replies": [{"id": "ha88t0t", "text": "Either industrial, or retail. He holds millions in both, and it\u2019s purely cash flow oriented. As long as it has a 8%+ ROI yearly, he\u2019s ready to go.", "replies": [{"id": "ha8n9jo", "text": "8% ROI or 8% cap rate?", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "ha892vq", "text": "Find a commercial broker you like and trust and partner with them. Take 50%, learn from the CRE broker, make sure your friend/client gets a good deal and you do a good job for him on this deal so there\u2019s another after this. Don\u2019t try to be a hero, do it yourself if you\u2019re not familiar with CRE and potentially do a disservice to your friend/client.", "replies": [{"id": "ha8zjs5", "text": "This. And only this. You aren\u2019t qualified.", "replies": [], "depth": 2}, {"id": "ha959b7", "text": "Agreed 100%", "replies": [], "depth": 2}, {"id": "ha9viap", "text": "Please do this.", "replies": [], "depth": 2}], "depth": 1}, {"id": "ha8clf1", "text": "knock on the door of owners.  Send out fliers post cards,text msgs.", "replies": [], "depth": 1}, {"id": "ha90gbc", "text": "Most commercial agents in my area do not list properties on the MLS.  They generally use LACDB.com (Louisiana Commercial Database) and LoopNet.  See if there\u2019s a commercial real estate database in your area.", "replies": [], "depth": 1}, {"id": "ha91rd4", "text": "Look and see what marcus &amp; millichap has available. The deals I have done with them are usually 2% buyers agent commission if you\u2019re looking at a property they have actively listed and are marketing. They do sell a lot of stuff internally through their email/client lists which I have been able to negotiate a buyers agent flat fee with. M&amp;M is going to be your best bet for deals that are straight forward and well packaged. Just figure out the assets your client is looking for and go from there. I think you could easily find a portfolio of DollarTree, family dollar, dollar general type stores to meet your clients needs. I have bought a few strip centers and several Applebee\u2019s locations from them this year and ran them through my wife who is a residential agent.\n\nEdit: here is one I found in my email\n\n[6.55 cap 2.9m](https://www.themansourgroup.com/309313/aspen-dental-strip?utm_campaign=ASPEN%20DENTAL%20STRIP%20%7C%20MIDDLESBORO,%20KY&amp;utm_medium=email&amp;_hsmi=150196403&amp;_hsenc=p2ANqtz--lw24BKNQxuEbdIO027Lhp1ftIbetF4JHb9SfJbInWfGDXf13Tf5-VRMeMEgoKE3S1zAd7r31NQ-wDZXaGeP8vWlnaJQ&amp;utm_content=150196403&amp;utm_source=hs_email)", "replies": [], "depth": 1}, {"id": "haa8vka", "text": "1. From your initial post you are not qualified to assist a Buyer with commercial acquisition.  Not being mean, just blunt.\n2. Commercial properties are not listed on the MLS.  First red flag.\n3. Stop interchanging the terms \"cap rate\" and \"ROI\".  They are not the same.  Second red flag.\n4. Find your friend a broker with commercial experience and learn from them.  CRE and residential are two different worlds.", "replies": [], "depth": 1}]