You Can Have Your Commercial Property Sold In No Time
Tell the reader about numbers of properties sold or leased in the local area over the last month. Quote some rents and prices to give an indication of what the market is doing. Include with this a summary of time on market for different locations and property types.
It is advisable to learn all you can about how to buy commercial real estate, and the specific types of investing ventures you might pursue before getting started. It is very important that you have to plan ahead of time.
When you get busy with a lot of listings or clients, it is very easy to let the standards and contact process slip. When this happens the competitors can get into your listings and your client relationships. You therefore need a mindset of ‘high standards’ at all times; the process should become an obsession.
My article is geared towards existing business owners who plan to be in business for the next five to ten years. Prices are low and there are many amazing buying opportunities AND Rates are at a 40 year low. If you have been reading and watching the news lately, you know the government wants banks to lend. The Obama Administration even temporarily eliminated the SBA guarantee fees to make borrowing even easier for business owners.
Even though I am suggesting pro-forma numbers here or projection numbers, let me warn you here, NEVER BUY OR BASE YOUR DECISION TO BUY ON THESE NUMBERS. You definitely should have developed some kind projections of your own, with the help of the management company. It is simply good business to do so and to manage your investing goals.
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.
Creating a competition amongst the landlords gives a negotiating advantage, rather than negotiating for one preferred location. With the present commercial property market, this adds to your advantage. Make the land lord earn your rentals rather than offering him your tenancy on a silver platter. Re negotiate your rentals in case you are there to renew your lease, look around for the present market rental tariffs.
Example: the Seller signs a new laundry cotract and take k up front as a Bonus and agree to laundry income split 80% to the laundry company and 20% to the owner … instead of a more favorable split arrangement.