Should You Lease Or Buy Commercial Real Estate | Tic Tracker

Reading articles with expert content, including a collection of tips for dealing with the commercial real estate market, is a great place to begin, when you?re just starting out. The following advice can help a novice investor get started in the potentially, lucrative world of commercial property.

Real Estate

There are real estate brokers who deal exclusively with commercial investments. Real estate agents will work with landlords and tenants, but there are also some that only work with tenants. A tenant?s-only broker may serve your needs better than a full service broker.

Don?t underestimate your relationship with private lenders or investors when you buy commercial real estate. Many commercial properties are bought and sold without ever going on the open market. Having many people in your address book increases the chance that you are exposed to such deals.

TIP! It may be necessary to invest in some renovations before you can move into the space. The space may be due for some regular maintenance, or it may need something as simple as a new coat of paint.

Before you make a large investment in real estate, take a look at local income levels, unemployment rates and the expansion or contraction of local employers. Homes that are located near schools, hospitals and other major employers are assigned a higher resale value.

Consider all of the tax benefits when planning on commercial property investment. Investors receive depreciation benefits as well as interest deductions. Other investors deal largely with ?phantom income? ? income that is not paid in cash, yet is still taxed. It is important to know about this kind of income prior to investing.

Query a real estate firm about their practices and sources of income over the past year. Honest brokers will be open about this, so you can tell if your interests will be at odds. Find out how your broker will benefit form the transaction you want them to work on for you.

Your first step is to find financing. Financing for a commercial loan in real estate investment differs from the rules that apply to home loans. In many ways, this works to the borrower?s advantage. You will have to advance a more important down payment while avoiding personal liability. In some cases, you might be able to borrow money for your down payment.

TIP! Pay attention to the location of a property. Think about the type of neighborhood the property is in.

Dual Agency

If you are thinking about hiring any real estate professional, read over all their disclosures. There is a possibility of a condition called dual agency. In this case, the agent is two-faced: she is representing both parties to the transaction. Or, for short, the agent is looking out for both parties? interests. You and the other party should both agree if dual agency is to be okay.

Hopefully this article has given you a more confident perspective on how you can better handle your commercial real estate endeavors. This compilation of hints and tips was designed to assist you in enhancing your commercial real estate skills as both a seller and a

Always ask to see the credentials of any inspectors you hire for your real estate deal. Those who work in pest removal should be inspected closely, as they are often not accredited. This will avoid bigger problems in the post-sale.

TIP! When renting out your own commercial properties, keep in mind that is always best to have them occupied. Having unoccupied spaces mean that you have to pay for their upkeep.

Source: http://tictracker.com/should-you-lease-or-buy-commercial-real-estate/

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