simonmcphers922's Space http://simonmcphers922.posterous.com Most recent posts at simonmcphers922's Space posterous.com Fri, 18 May 2012 08:28:00 -0700 How To Become Successful In Commercial Real Estate http://simonmcphers922.posterous.com/how-to-become-successful-in-commercial-real-e http://simonmcphers922.posterous.com/how-to-become-successful-in-commercial-real-e Commercial real estate investing is quite a bit different than residential or other types of real estate purchases. This article provides valuable advice and tips that can help you make the best and most profitable decisions.

Become someone on the internet before you enter the market. Completing a profile on LinkedIn is an excellent starting point, or you might start a blog. Optimize your website for search engines so that you can get a good rank high on the results page. Your goal is to enable people to understand what you are all about simply by typing your name into their search engine.

Different commercial brokers represent different parties. A full service broker works with both the tenants and the landlord. Some agents represent only the tenants. If you are a tenant, you may be much better off by using a broker who only works with tenants as they have a lot more experience with successful tenant representation.

Prior to purchasing anything, get together with your tax adviser. They can let you know the cost of the building and how much income is taxable. You can work with him to narrow down areas where you'll best invest your money.

If you are renting or leasing, pest control is important to look at. Especially when you rent in an area known to be infested by bugs or rodents, ask your rental agent about pest control policies.

It is easy to get emotional when you are venturing into the commercial real estate market, but is is very important to stay patient and remain calm. Never rush into a particular investment. If the property doesn't suit you in the end, you may regret your hastiness. It could take some months, possibly a year, for your dream investment to appear in the market.

Locate the right financing first. Commercial lenders and loan products are different than home loans. They can actually be better in some ways. Because commercial property is usually more expensive than other property, the loan is going to be larger. This means the down payment you have to come up with needs to be larger. So it helps tremendously if you can locate the financing first in order to put together a down payment.

Find a variety of financial partners, from friends and family to professional lenders, to ensure you have a cash flow available to purchase commercial real estate. Contracts should be devised that either provide you with a fixed rate of interest on the loan repayment, or provide them with a percentage of what you make from the property.

Take tours of any properties that you're considering. You should consider asking an experienced professional to come with you and examine the properties you have an interest in. Once that is done, you can submit your proposal and begin negotiations. Evaluate and reevaluate the counteroffers before making any kind of decision one way or another.

Keep your commercial property occupied to pay the bills between tenants. Remember that if you have empty units, you have to take care of them. Maintenance costs on empty units can add up. If you notice that you have several vacant properties, try to find out why, and look at ways of enticing tenants back in.

If you are considering purchasing an apartment complex, be aware that smaller complexes can be more problematic than larger ones. In fact, veterans in the field typically advise avoiding any complex with fewer than 10 units. Don't take this as a hard-and-fast rule, though. Your research might reveal that a five-unit property is a true gem.

By now, you should feel comfortable with the fundamentals of business real estate. Remain flexible and continue to stay nimble as you make your way through the many steps leading to owning your own property. This way, you will be able to see opportunities that other people don't.


Want To Get Into Commercial Real Estate? Tips To Get You In, Want To Get Into Commercial Real Estate? Tips To Get You In

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Fri, 18 May 2012 08:07:00 -0700 Commercial Real Estate Made Easy. Helpful Tips And Tricks! http://simonmcphers922.posterous.com/commercial-real-estate-made-easy-helpful-tips http://simonmcphers922.posterous.com/commercial-real-estate-made-easy-helpful-tips It is easier than it seems to be a success in commercial real estate. You need to have a basic knowledge base in place before you start to do anything involving investing in actual property. This article is here to help you arm yourself with some tips and tricks that can help you be successful.

Think about environmental hazards that you may be responsible for taking care of. For example, the previous property owners might not have disposed of hazardous waste appropriately. Regardless of whether the previous owner did what she was supposed to do, once you buy the property you're responsible for following hazardous waste and other environmental regulations. You may have to make expensive repairs to resolve an environmental problem.

You need to realize that every property has a lifetime. You could make a big mistake by ignoring what you may eventually have to spend in order to keep up with the upkeep of the property. The property could need major improvements like a roof replacement or total rewiring. All buildings degrade over time, but some building types are more prone to it than others. It is important to build these expenses into your long term budget.

Commercial real estate is more time consuming, confusing and involves more than just buying a home. Understand, however, that this additional time and effort often translates into higher returns.

Look around at the general environment around the building. If your building is full of hazardous waste or otherwise constitutes a threat to the environment, you will be responsible for resolving these problems, even if a previous owner caused them. For example, do you want to buy a property that lies in a flood zone? Reconsider the wisdom of that plan. If you are thinking about purchasing a property, be sure to contact an environmental assessment agency to get important information.

Make sure that you invest some time researching local income levels and other factors, such as unemployment rates or local employers plans for expanding or contracting their businesses before you invest a large amount of funds into real estate. For example, buying a home near a large employment center, such as a university or hospital, will lead to a higher value and faster sale down the road.

Find a variety of financial partners, from friends and family to professional lenders, to ensure you have a cash flow available to purchase commercial real estate. Contracts should be devised that either provide you with a fixed rate of interest on the loan repayment, or provide them with a percentage of what you make from the property.

People who invest in commercial real estate know the threat associated with fluctuating interest rates. As interest rates move up and down unpredictably, investors leave themselves open to the chance that the rates may suddenly rise dramatically. Always keep these rate fluctuations in mind while shopping for properties so you can understand the long-term impact of them on your purchase.

In the beginning phases of your career as an investor, limit yourself to working with a single type of investment. Pick one type of property, at first, and pay close attention to it. It is better to do your best at one type than to be average at many types.

When in the process of signing the lease for a commercial property, be leery if you are offered a form for a standard lease. Big real estate companies will sometimes slip additional covenants or requirements into the lease document, which can at times be very long. Standard commercial leases may be full of such clauses, so it's important that you actually read the document before signing.

In writing letters of intent, focus on major issues to begin with. Many smaller issues will fall in line on their own with this approach. If not, you can work them out later. This way, negotiations will be smoother, and agreements on the small issues are more likely to be reached.

There are a lot of reasons someone invests in real estate and each one requires additional knowledge. Just put the strategies you just learned into practice, and your yearly returns will climb into the double digits surprisingly quickly.


How To Be Profitable In Commercial Real Estate Investing, How To Be Profitable In Commercial Real Estate Investing

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Fri, 18 May 2012 07:10:00 -0700 How To Be Profitable In Commercial Real Estate Investing http://simonmcphers922.posterous.com/how-to-be-profitable-in-commercial-real-estat http://simonmcphers922.posterous.com/how-to-be-profitable-in-commercial-real-estat Any endeavor in commercial real estate can be challenging and involves considerable risk. The potential rewards make it worth the time and energy you put into it, however. Use these tips in this article carefully to help you succeed.

Have clear-cut goals for any commercial property you are looking at. Do you want to use the property for your own business or do you want to lease the property? Before you even start looking for a property, your goals should be clear and specific.

Consider the good tax benefits if you are thinking about purchasing commercial properties for investment purposes. In addition to depreciation benefits, many investors enjoy tax deductions for interest expenses. There is a chance that an investor may receive money that must be taxed, but does not come in the form of cash; this is known as phantom income. Prior to investing in commercial real estate, you should familiarize yourself with this form of income.

Be sure to enlist the assistance of an excellent real estate attorney to review any contracts or financing documents for your commercial properties. If something happens out of the ordinary with your endeavors, you'll want the best lawyer working on your side.

When investing in commercial real estate, go bigger. If you were considering purchasing a five-unit building, recognize that managing fifty units is no more difficult than five. Even a building with five units needs to be commercially financed the same way as a larger building. However, the more units a building has, the less money you'll pay per unit.

There are a variety of types of real estate brokers who deal in commercial properties. A full service broker works with both the tenants and the landlord. Some agents represent only the tenants. A broker who works only with tenants should have more experience and should represent a better choice for you.

Your new space may need improvements before you can occupy it. Cosmetic changes like painting walls and rearranging furniture might be needed. The change could be significant like moving an entire wall to work with a new floor plan. Decide in advice who will be responsible for these things and try to get landlords or previous owners to pay for some of it.

Prior to dealing with the commercial real estate market, you should go on the Internet, and get an online presence. These days, a website is a must as are accounts on professional networking sites like LinkedIn. Make sure that you use search engine optimization on your website so that people can find you easily. Ideally, people who want to learn more about you on the Internet should be able to quickly find you by doing a simple search using one of the search engines.

Distinct among the individual risks of those who invest in commercial real estate is fluctuation in interest rates. A bad economy can cause rates to rise and fall quickly, and investors find themselves unable to predict these tendencies. Evaluate all long-term options, and take the interest rate hikes into consideration.

You should always remember that, when dealing with a new lease, one of the things that will effect the success of your investments the most are your rent rates and general strategies. Have an exact rental amount in mind before you discuss your property with a potential tenant. This can help you keep targets and set a benchmark for your investment.

A person can make a big profit by getting involved in commercial real estate. You need to not only front a substantial down payment, but have the time and patience to see your investment through to the end, as well. This article should provide you with some tips and tricks that will help you succeed in commercial real estate.


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Fri, 18 May 2012 07:09:00 -0700 Considering The Commercial Real Estate Market? Follow These Tips! http://simonmcphers922.posterous.com/considering-the-commercial-real-estate-market http://simonmcphers922.posterous.com/considering-the-commercial-real-estate-market Whilst owning commercial properties can be a very exciting, lucrative venture, the properties themselves could demand a lot of time. It can be quite intimidating, and leave you wondering how to even start organizing the things that have to be accounted for. There's certainly a lot you need to learn before you get involved in commercial real estate, but this article will familiarize you with the basics.

When you are shopping around for commercial property, try to buy properties that are bigger on average. This lets you take advantage of economies of scale. There is a fixed cost associated with buying a building, plus a smaller marginal cost per unit, so the more units a building has, the lower the cost will be per unit.

When looking for commercial real estate properties to house your business, keep in mind that size is among the biggest factors. Since you do not want to have to purchase a different property anytime soon, it is important to invest in something that allows your business space to get bigger.

Your first step should be to find the best financing. The process of getting a commercial loan is vastly different to that of a residential mortgage. Commercial loans have some significant advantages that investors can take advantage of, that people buying personal property cannot. While a commercial loan will require larger down payments, banks will more readily allow you to borrow money from a business partner. You are also protected from personal liability if things go wrong.

Research the company and find out if they care about their customers' best interests before you commit to working with them. If you work with a company that only cares about its own profits, you might lose money on preventable mistakes.

Become someone on the internet before you enter the market. Set up a website and profiles with various search engines and social networks. Explore SEO techniques that will elevate your website in internet search rankings. Ideally, people will be able to easily find your site or profile by keying your name into a search engine.

Your new space may need improvements before you can occupy it. Cosmetic changes like painting walls and rearranging furniture might be needed. The change could be significant like moving an entire wall to work with a new floor plan. Decide in advice who will be responsible for these things and try to get landlords or previous owners to pay for some of it.

Establish the needs of your business before looking at buildings. Determine the type of office space you'll be using. Perhaps you could buy more than you need right now if you can afford to and you plan on expanding your business.

Build up a system of prospective financial partners, including local lenders and business contacts; this ensures that you always have access to the cash flow required to make a purchase. When accepting loans from people you know, sign a contract just like you do when you accept a bank loan. State clearly the terms of the loan. Ideally, every lender should allow you to pay the loan back with interest on a monthly basis. You can also make arrangements in which you give the lender part of the income you receive from the property each month.

One of the biggest differences between a residential loan and a commercial one is the size of the down payment you're required to make. Comparison shop and ask other investors for referrals to lenders. You should also ask others directly to tell you about investment opportunities. Taking these kinds of actions makes it likely that you will find, and qualify for financing on, a good investment.

If you carefully read and apply the tips discussed above, you will be off to a good start in real estate investing. If you take the time to really apply the strategies you just read, you too can experience the huge rewards that are possible from investing in non-residential real estate.


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Thu, 17 May 2012 08:23:00 -0700 Your Guide To Commercial Real Estate Success In This Era. The Best Tips Available! http://simonmcphers922.posterous.com/your-guide-to-commercial-real-estate-success http://simonmcphers922.posterous.com/your-guide-to-commercial-real-estate-success The commercial real estate racket is a challenging and demanding one. On the other hand, the dividends you can yield are well worth what it might take out of you. Follow these tips to become successful in commercial real estate.

Considering your potential rent is important when it comes to preparing a lease. You should know exactly what you'll be charging for rent before you speak with any possible tenants. Having a good rent plan will enable you to meet the goals you have established for your investment, and allow you to easily analyze how well your investment is performing.

There are many factors to consider as you view available properties. For example, you should take note of statistics regarding local employers, workforce availability and the accessibility of skilled labor. Properties centrally located near universities and hospitals will have a consistently higher value, and it will sell more quickly.

Scrutinize any disclosures made by a real estate agent whom you intend to hire. Never neglect the fact that you may be dealing with a "dual agency." In this case, the agent is two-faced: she is representing both parties to the transaction. This means the broker represents you and the landlord during the transaction. It should be disclosed if there's a dual agency, along with an agreement by both parties.

Go big or go home! Don't let fear of managing a large building stop you from making the best investment possible. In reality, there's no difference between managing a small number of units and a large number. You need commercial financing regardless of the number of units, and larger buildings will be cheaper per unit.

Talk to a tax expert before you buy any property. Your tax adviser can inform you of all of the potential costs related to your investment, and also tell you what percentage of your profits will have to be paid in taxes. Work together with your tax adviser to locate an area that have low taxes.

When purchasing commercial real estate, you need to have a tight relationship with private lenders and investors. For example, many commercial properties that are sold are unlisted, so having many people in your own network can help you know more and get inside scoops on some great deals.

Have a professional do an inspection of your commercial property prior to you listing it as available on the market. This way you can make sure it is prepared in advance of a sale, and if any problems arise during the inspection you can take care of it on the front end.

Don't purchase anything until you're certain that the company you're dealing with is looking out for your interests. Working with the wrong agency could cause you to commit mistakes and lose money.

Research local prices similar properties have sold for before setting a price for your commercial real estate. There are a lot of factors that determine the value of the lot.

Find out how the firm that you are thinking of working with measure results. Educate yourself on how people find out how much space is needed, selection criteria, ways they do negotiations and other things that can have a profound effect. Knowing these things prior to signing on with them will be beneficial.

It is definitely possible to have significant success when investing in commercial properties. You must be willing to conduct research, develop your skills, and always be open to a little luck. Although some people will fail in their venture, you can significantly enhance your chances of being successful if you implement the hints and tips you were given in this article.


Tips For Understanding The Commercial Real Estate Market, How To Be Profitable In Commercial Real Estate Investing

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Thu, 17 May 2012 08:15:00 -0700 Constructive Commercial Real Estate Advice And Tips http://simonmcphers922.posterous.com/constructive-commercial-real-estate-advice-an http://simonmcphers922.posterous.com/constructive-commercial-real-estate-advice-an If you're not sure where to start the search for a commercial property, finding one that fits the needs of your business may be very difficult. Be sure to carefully review the information provided here.

Think about environmental hazards that you may be responsible for taking care of. For example, the previous property owners might not have disposed of hazardous waste appropriately. Regardless of whether the previous owner did what she was supposed to do, once you buy the property you're responsible for following hazardous waste and other environmental regulations. You may have to make expensive repairs to resolve an environmental problem.

Make sure you are completely aware of the available square footage. The usable square feet is the measurement of where business will take place in commercial real estate. Total square footage can also be used, however, this encompasses all space including unusable space and walls. Get a number for both kinds of square footage, so you can gauge if the property really suits your needs.

Focus on a single commercial property at one time. Focus on a single type, should it be apartments, offices, retail, land, etc. Every category expects and even needs your complete and undistracted focus. Master one type of investment at a time. Mediocre profits from several types of investments aren't worth the effort, but major profits from one type of investment is.

Look for an agency that keeps your best interest in mind. Otherwise, you could end up having costly, but avoidable, consequences from your deal.

Bigger is better when you are thinking of purchasing commercial real estate. If you want to get a building that has five units, you need to know that's it's no different to manage than 50. Regardless of the size of the building, you will need commercial financing. However, you will be able to obtain a much better per unit deal on a larger building.

Be sure to enlist the assistance of an excellent real estate attorney to review any contracts or financing documents for your commercial properties. Make sure you keep your name clear of all threats if you happen to have anything go sour with any real estate endeavors you have set forth for yourself.

Stay on the lookout for sellers who are enthusiastic about making a deal. It's your responsibility to find sellers who are willing to make a deal, especially a deal that works in your favor such as selling the property for less than it is worth. This is real estate and until you are able to land that seller, you will never land that deal, and that means never landing that profit.

In the beginning phases of your career as an investor, limit yourself to working with a single type of investment. Pick one type of property, at first, and pay close attention to it. It is better to do your best at one type than to be average at many types.

Take a tour of properties you are considering. It may be a good idea to take a professional contractor with you when you check out properties you are interested in purchasing. Make preliminary proposals to break the ice and open negotiations. Give a bit of thought to the counteroffers before deciding to accept the offer, make a counteroffer yourself or walk away.

Make sure that any property you're considering purchasing has access to all the utilities you'll need. Your business has its own utility needs, but you are most likely going to need water, sewer, electric and possibly even gas.

As mentioned, commercial real estate isn't a money tree. You must put in effort, time, and a large capital investment to make it succeed. Yet even with all of these things, you may not come out ahead.


Want To Get Into Commercial Real Estate? Tips To Get You In, Tips For Understanding The Commercial Real Estate Market

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Wed, 16 May 2012 08:45:00 -0700 You Against The World - The Most Important Commercial Real Estate Tips Available http://simonmcphers922.posterous.com/you-against-the-world-the-most-important-comm http://simonmcphers922.posterous.com/you-against-the-world-the-most-important-comm Many people have become successful in commercial real estate. Of course, there is no single magic trick that will guarantee success. Actually, success stems from a thorough understanding of the market, dedication and a willingness to persevere. Continue reading in order to gain some useful information that can help you discover what is required to be a winner in the field of commercial real estate.

Investors of commercial properties should be mindful that the specter of massive inflation always looms on the horizon of the coming years. Many leases used to include clauses to protect investors from inflation that would adjust the lease according to the CPI (Consumer Price Index). However, these days, this is rarely done, which means inflation could hit you where it hurts the most.

Get your commercial property inspected before you try to sell it. You can fix any problems right away so you have the best available property.

More is better when it comes to buying a property with multiple units. Having more units allows you to get more money per unit, and thus spread that investment elsewhere. It is advised that you should purchase at least ten units to get the maximum income from your commercial investment.

Whenever you are considering a commercial lease, you need to think about pest control. If the area that you are renting in is known for pest infestations, it is especially important for you to talk to your rental agency about their policies for pest control.

If you rent commercial property, do what you can to keep occupancy high. Empty commercial properties mean a building that you are having to maintain without any income being received. If occupancy is low, you may want to see if something is wrong with your property, and if there is, fix it.

Bring your digital camera along, and use it. Make sure your pictures clearly show any damage or defects, including carpet stains, holes in the walls or discoloration of plumbing and counter tops.

People who invest in commercial real estate know the threat associated with fluctuating interest rates. As interest rates move up and down unpredictably, investors leave themselves open to the chance that the rates may suddenly rise dramatically. Always keep these rate fluctuations in mind while shopping for properties so you can understand the long-term impact of them on your purchase.

Watch out for sellers with the right kind of motivation. Motivated sellers are more willing to work with you in selling their property, but you will have to look to find them. The best way to make money in real estate is if you find that good deal, so keep an eye out for the seller who is motivated.

Before you move into your new space, it may need to be improved. The changes don't have to be extensive. You may just want to repaint or rearrange furniture. Sometimes, you may need to move a wall in order to create a better floor plan. When negotiating, you should discuss who will pay for the improvements you'll have to make, and should see if the current owner will cover some of your costs.

You should ask the real estate firm about how they acquire their assets before agreeing to do business with them. Legitimate brokers won't mind answering this type of question openly and honestly. Ask the broker to explain how making sales benefits his firm and compare the way it benefits him to the way it benefits you. Get an understanding of why they are in business and what they can do for you.

This article contained many real estate tips for buying or selling property. The information in this article will help you set up strategies for staying on top of all the information you need to monitor and hopefully help you avoid those costly mistakes.


Commercial Real Estate Guidelines That Are Easy To Understand, Practical Advice About Dealing With Commercial Real Estate

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Wed, 16 May 2012 08:43:00 -0700 Commercial Real Estate Tips For Everyone http://simonmcphers922.posterous.com/commercial-real-estate-tips-for-everyone http://simonmcphers922.posterous.com/commercial-real-estate-tips-for-everyone Define the type of commercial property you are interested in before beginning your search. If you invest carelessly, you could be far into the red before you know it. Read on to learn how to make better commercial real estate investment decisions.

If you are looking for a business property, always think larger than you currently need. Invest in property which allows your business to grow as necessary so you can avoid having to buy another property down the road.

You might have to make improvements to your space before you can use it. This might include superficial improvements such as repainting a wall or arranging the furniture more efficiently. Normally, however, it may be something a little more involved like walls being moved. Negotiate these changes ahead of time with the landlord. He may be willing to share these costs needed in order for you to move in.

Prior to purchasing anything, get together with your tax adviser. They can let you know the cost of the building and how much income is taxable. You can work with him to narrow down areas where you'll best invest your money.

You need to understand that each property has for itself, a lifetime. Ignoring a property or deciding to wait too long can cause this lifetime to come to an unexpected end, especially if you aren't willing to pay the fees for proper upkeep over the period of time. It may need a more updated electrical system, or a new roof. All buildings have these kinds of requirements, depending on the specific building, some may require more repairs than others. You must consider these requirements, and have a plan in place to handle them over the long haul.

If you are hunting among multiple properties, make a checklist for touring sites. Do not proceed past initial proposal responses, unless you inform the property owners. Make sure that the owners are aware that you have other options available. It could help you get a better deal.

Find out how any firm you have under consideration defines success. For example, it may be useful to know about how required space is calculated, key factors for evaluation and the mechanisms of different methods of negotiation. It will help you to know these details before you sign anything.

Occupation is the key when you purchase commercial properties for rent. You are legally responsible for the maintenance and upkeep of unoccupied spaces. If you have more than one property without someone in it, think about why that is, and fix any problems that might be occurring.

When you're trying to decide which broker you should work with, take their experience in commercial real estate into account. It is important that their experience fall in line with your buying and/or selling goals, so make sure to ask what their specialty is. You and this broker should enter into an agreement that is exclusive.

When you are setting up your home office or commercial property for selling purposes, consider the Asian art of feng shui. Two of the most basic principles of feng shui- open spaces and clutter-free lifestyles -are also very appealing to buyers.

If you are considering purchasing an apartment complex, be aware that smaller complexes can be more problematic than larger ones. In fact, veterans in the field typically advise avoiding any complex with fewer than 10 units. Don't take this as a hard-and-fast rule, though. Your research might reveal that a five-unit property is a true gem.

Don't assume you're an expert on commercial property. Create a mindset for yourself that is open to the fact that there is always something for you to learn, so that you can stay motivated to building your position on the market. If you implement this advice carefully, you will enjoy success.


Confused About Commercial Real Estate? Read These Tips, Confused About Commercial Real Estate? Read These Tips

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