Expert: Mike Fortunato - 1/1/2009

Question
hi my name is darlene, my husband & i would like to invest in comm'l prpty. we know alittle about NNN being the better choice of investment. we live in long island, NY. how do we scope out the best for the buck. for our 1st investment, looking to purchase a $1million deal with 25% dwn. what EXACTLY should we look for or where? any suggestions?
thanks

Answer
There's way too much to consider when purchasing commercial property for me to outline in a simple email. My strong recommendation would be to hire a local commercial real estate broker to represent you. You can explain exactly what type of product you are looking for, and they should be able to show you properties that fit your requirements. If during the process you run into any specific questions you need advice on, feel free to ask. You can do some preliminary searching on your own through web sites such as www.loopnet.com, but I strongly urge you to use an experienced commercial broker since this type of investment is far more involved.