How do I find an advisor for a real estate business growth strategy?
I manage a small commercial real estate business and I would like to find someone who can create a growth strategy for me.

I'm thinking of something along the lines of: borrow against X% of current equity in real estate to purchase another building at $X price with $X cashflow and sit on that for X# of years and then repeat the process (sorry for all the X's!).

What kind of institution (e.g., bank, financial advisor, specialist consultant, etc.) might I approach to create such a growth strategy for me?

Thanks ahead of time.
[{"id": "iisfu82", "text": "Not sure that exists.  Hard to find properties that are exactly X sized.  You may be looking for a 50 unit apartment building (just and example), so do you not buy a  20 unit building next door to your existing 20 unit building? Which would be easy to manage.  Analogy would apply to other building types and sizes.\n\nI believe one has to be fairly opportunistic while keeping some general investment criteria and parameters in mind.\n\nAlso relying on someone else\u2019s number crunching skills is dangerous.  Better to be very comfortable and knowledgeable in your abilities and number crunching.", "replies": [], "depth": 1}, {"id": "iisjpck", "text": "I might find a great broker who you could build a long term relationship with. I would not sign any papers saying you will be with them forever, but the idea would be you agree to use them to execute this plan if they help you draw it up. \n\nIf they are helpful and know you really well, who better to handle your deals.", "replies": [], "depth": 1}, {"id": "iism7nx", "text": "This is kind of your job as the principal but there are consultants who can help somewhat. I'd find a broker in whatever your preferred asset class is, a good debt and equity broker who can review your portfolio and map out a capital plan for you, and then find a good accountant that can run some scenarios for you based on different acquisition strategies.", "replies": [], "depth": 1}, {"id": "iisx8ln", "text": "We're commercial loan brokers/advisors that do this. We continually work with our clients CPA/accountants to get right above 1.25 DSC to be able to qualify and grow our clients portfolios. We only do the #'s part and none searching for real estate but sometimes do advise on the property and if it can reach the financial goals of the clients.\n\nI suggest you find a local broker that has this kind of knowledge/know how and start a conversation with them. Things to look for is an accounting and commercial banking background with strong underwriting skills. Cost will probably be around 20-50k/year, but if they know what they're doing will save you much more money than that.", "replies": [], "depth": 1}, {"id": "iitqxic", "text": "I assume when you say \"manage\" you mean own?\nMost of the parameters you are looking at are necessarily \"ruled\" by what your lender will require to take a charge over, which in commercial terms would typically be circa 50-60% LTV ratio.\nHow quickly you can pay loan money off and go again depends how cleverly you have bought and subsequently let..\nSo you could simply look at leveraging your entire current portfolio to roughly half - 3/4 of your net worth, if you're comfortable doing that. Keep in mind other than the last 8 years or so the interest cost on doing the above can (In times no doubt to come again) be punishing..\nSo you really need a sound financial advisor, and provide the property expertise yourself, if you don't have that, you'll have to buy that in too, but in that case, look out.\nNot financial advice btw - I am a wsb ape..", "replies": [{"id": "iitrn4f", "text": "Hey thanks, really appreciate your comment. And yeah interest rates are about to be... interesting haha. Just trying to get a sense of different people's different approaches to the same problem, so again thanks for your input.", "replies": [], "depth": 2}], "depth": 1}, {"id": "iiu6eoy", "text": "So you're asking for three things. You want a executive to make (and execute) a plan. You want a consultant to assess the specific properties (pay X for Y cash flow). Then, you want a lender who will finance the whole thing.  The first guy is going to be hugely expensive. The second guy is pay to play so the more you look at the more they cost. Unless you go to an absolutely tiny lender the third guy really can't promise you shit because appetite &amp; approval aren't usually in the sales guys control.  \n\nRealistically 1 &amp; 2 are your job as a real estate investor and you should have at *least* 3 of the third guy in your phone.", "replies": [], "depth": 1}, {"id": "iq5n8w0", "text": "If you\u2019re looking for consulting I\u2019d be happy to take on a freelance job. Located in Toronto, have nearly 5-years experience in acquisitions across North America and a bit of Europe/UK. Strengths are in financial modelling.", "replies": [], "depth": 1}]