In our line of work, while consulting for various high net worth real estate investors, you meet all kinds of all types of business strategies to purchase real estate.
Some commercial real estate investors want to invest in construction of apartments a. Some investors would not touch home, where their lives from them, because they think that, overall, are for the residential building at this point the price of time.
Some commercial> Real estate investors want to invest in low-income housing. Others will not affect low-income housing with a ten foot pole because they do not want the headache is replaced by the collection of rent and the abuse of property.
Some commercial real estate investors want to invest in real estate, where existing tenants to create a cash flow. Others preferred not to have an existing tenant, because they will not pay the premium for the property.
AsOne can imagine, we could go on forever.
What's fascinating is the apparent contradiction between the various strategies.
One of the investors, the ceiling is flat another investor.
But literally, after examining the detailed work plans, hundreds of commercial real estate investors, there is a common denominator for the strategy for its real estate ambitions.
Here it is in a nutshell:
First, they have a long term plan. NOTopportunistic, looking at every single game that crosses their path. Know the exact acquisition strategy. What have acquisition strategy, fits into their overall wealth-building strategy.
Yes, it may be common sense, on paper, but in reality most of the commercial real estate investors, particularly new ones, tend to shoehorn a lot to what they consider their long-term plans.
The first key is that the acquisition strategy to guidevice versa.
This is why some people try to sell their entire portfolio of quality sound soft. It is a pain in the neck to their fence in an attempt to take a person unaware of the winner and reach the losers.
The second important strategy is its market research. In other words, know how to enter the market or the areas that want to acquire
It is well known, for example, that the big retailers know where the best positionsare in the country. E 'that would not only a shop, where I think will do well.
They know where that is good.
How do they know? They do their research. You understand that the first is the sale of space, is based on their needs, traffic patterns, congestion, local traders and the specific areas of growth within a community.
Now, think of some people, the search is only for large companies that they do not apply to them.
If researchis one of the things that you have a challenge to do, then you should consider this:
· You want to get the best price on a piece of property?
· You want to be able to get the highest amount of rent for free or at the best price, when it comes time to sell?
Want · the risk that a purchase inadequate remedy?
Well, then you should do to become an expert in your search.
The third key strategy, we have noticed is that the commercial Estate investors rarely make a direct offer, unless it is a sweetheart deal. They prefer to refer to the seller is a document called a letter of intent. This is a binding offer. It is an offer which usually results in no penalty for both parties, if not do the job.
The objective of the MoU is to time the vendor due diligence on the property in relation to the zoning permit, law, infrastructure, etc. Unlike commercial real estate> Well, the market for real estate "buyer."
The due diligence process is designed so that the acquisition will allow the purchaser to submit a formal offer in full knowledge of what he or she buys.
The fourth main strategy is that they want to understand the math a business. It's business sense? Is feasible?
You can see the other three strategies to solve everything, but if the math does not work, you make a big mistake.
Thereare dozens of different strategies for buildings. Obviously, a dimension not for everyone. But hopefully, the implementation of these four strategies can make a big difference acquisition in the commercial success of the building real estate wealth.
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