Learning About Commercial Industrial Property Investments
So how many people should you have in your database? Personal database numbers should be based on your location and your property type. I would say however that you should have several hundred quality contacts that you work in a continual way. By ‘continual’ I mean once every 90 days or less. In that way you can build a relationship of relevance. If you consider a client as ‘active’ or soon to be, then the cycle of contact is shortened to at least once a month.
If you have copies of the old Phase I and Phase II Environmental reports, include them as well. They will not be current, but could nonetheless help the lender in knowing when the property was last judged to be free from hazards.
The access controls for a fence should also be reviewed. Many fences will not have doors around them. These are cheaper to get because they can be used as a means of helping to define property boundaries.
The worst mistake new Agents make is getting involved with Apartment Rental or Time Share Brokers. Newbies often do this because the realty offices that handle these types of properties paint a pretty picture of easy commissions and big paydays, without all the startup money. Many provide new Agents with a nice desk; some discount business cards the equal opportunity to earn and the promise of big bucks. The only problem is actually being paid.
But after a battering is property likely to return? Firstly we need to understand what property means. You have residential property, commercial property and property shares. Residential property will be under stress for at least another two years before I will buy the fixed asset itself, but over the next year there will be lots of opportunity for the canny investor to make money by buying close to the low. Don’t expect a quick bounce on the capital value though – it’s a long cycle.
However, if you need only smaller amount, then such an unsecured loan comes without pledging your property. Such a loan can help you in paying off salaries or buying some raw material. Of course, you can start only a very smaller trade. Interest rate on these loans goes higher. The repayment duration ranges up to 15 years or you can repay it earlier.
The problem is that people get stuck on the idea of finding great deals for rentals. They buy two or three good deals, and all of a sudden they have ,000 in payments. They find several tenants, but if the tenants all move out, they have ,000 of debt each month.