What is Commercial Real Estate Scouting?

O.K., you are looking for commercial property. You find one, o.k., now what? Do you have the investor or partner to buy the deal? How do you know it is a deal? How do you know, what to do?

Commercial Real Estate Property Scouting is a learned art and a practiced art. You have to know what you are looking for to know if the property you found is a deal or not. So you do you know? You get yourself trained.

So how do I get trained? You can buy books on the subject and learn the mechanics. You need a money partner or investor to make the deal work. What are their critirea? What do they think is a good deal. Every broker or owner thinks they have the best deal, and they can show you on paper. Unfortunately, paper does not pay the bills or buy the property.

You can attend a boot camp on how to find commercial property and the basics of how to tell if the property is a viable deal. Again, I ask, how can you know for sure it is a deal and who will buy it?

If you network with people and find partners and investors and do your homework, verify the numbers and other information you have gathered, then maybe you can put a deal together.

So to be a professional commercial real estate property scout, you have to get trained and find investors that will look at your deals. You have to find out what makes a good deal for them. You then have to scout for the property that meets their requirments and verify the numbers and particulars that make it a good deal. Then the investor has to make the offer and get an accepted contract. The deal has to close and you as the scout get paid. Then you are a Professional Commercial Real Estate Property Scout.

You can find out more at http://www.nacreps.org/ They provide training and have investors that will take the deals.