Eric Chua : Life, Business and Real Estate in Singapore ...

People are attracted to commercial real estate investing for a number of reasons. However, all of those motivations should be your choice based on your existing knowledge. The more you learn, the more you will financially benefit from commercial real estate. The tips in the following article are a great way for beginners to get their feet wet, or for experienced investors to bone up on their existing knowledge.

Make sure your asking price is realistic. Many different factors can influence the real worth of your property.

Secure the proper financing prior to hunting for property to buy. Loan products and commercial lenders are different from home loans. Commercial loans have some significant advantages that investors can take advantage of, that people buying personal property cannot. Larger down payments are required for commercial financing, but you have the safety of avoiding personal liability should things not end well. Banks are also considerably more lenient about letting you borrow down payment funds from associates.

TIP! If you want to learn a lot about real estate, check out several websites that offer a lot of information to both experienced and new real estate investors. Having a great base of knowledge will give you the tools to complete every part of the buying process with confidence, leading to solid decision making.

Be on the lookout for sellers who are motivated. 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. Until you locate a great deal, nothing moves one way or the other when it comes to real estate. Once you identify a great deal, it is usually offered by a seller who is eager and very motivated to sell.

Determine the negotiation methods of real estate brokers you are considering. Much like you would interview a prospective employee, question their experience and training. Look for a broker who always adopt an ethical approach, has values and know where to get good deals. Request to see examples of previous negotiations, both those that were unsuccessful and those that were successful.

Tax Adviser

TIP! You need to understand that each property has for itself, 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.

Prior to purchasing anything, get together with your tax adviser. The tax adviser will explain information about the overall costs of the buildings, and can elaborate more about how taxes will affect your income. Consult your adviser for areas where taxes are lower.

Prior to listing your property for sale, you should first hire a reputable, professional inspector to go over the place. 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.

If you are investing in commercial properties, keep an eye out for any possibilities of buying bigger. It doesn?t take a lot more work than a smaller location, and it turns a greater profit over time.

TIP! Get yourself set up online before you buy any property. Set up a LinkedIn profile or a website.

Occupation is the key when you purchase commercial properties for rent. You are responsible for the expenses associated with keeping your unoccupied spaces updated and maintained. If you notice that you have several vacant properties, try to find out why, and look at ways of enticing tenants back in.

Know exactly what your requirements are before searching for commercial properties. You should have a good idea of the kind of space you will need. If you think your business will get bigger, consider purchasing more space than is currently required; doing this may save you money down the road.

When you are first starting out in real estate investing, the best thing is to keep it simple and start with one investment strategy at a time. Carefully consider the type of property investment you are interested in and focus your attention on it alone. It is in your best interest to stay focused on one type and do your best, than to spread yourself too thin and just do average at multiple investments.

TIP! One question you must ask potential real estate broker is that person?s definition of failure and success. Ask them to define their results measurements and how they determine it.

Once you have narrowed your choices down to two major contenders, you should expand your decision to include the big picture. It?s just as difficult to obtain adequate financing for a 10 unit apartment complex as it is for a 20 unit building. Also, purchasing more units is like buying in bulk. The more you buy, the cheaper each unit will be.

Interest Rates

People who invest in commercial real estate know the threat associated with fluctuating interest rates. In the current volatile economy the interest rates are rising and falling without warning, which can also dramatically affect the cost of financing an investment. Interest rate fluctuations should be taken into account when evaluating your long-term goals and profits.

TIP! You may need to make some changes to the commercial space you just rented before moving in. The improvements can just affect surface appearance like painting the walls or moving furniture around.

If you are ready to sign a lease for your commercial property, be very cautious if the lease is only a standard form. Large real estate companies have been known to hide clauses that are not advantageous to you in their very long, and complicated, leases. If you pay close attention to the content of the lease, you will be far less likely to encounter difficulties stemming from the lease document.

In commercial real estate, there are different kind of brokers. Some agents represent tenants only, while brokers work alongside tenants and landlords alike. Consider hiring a tenant-only broker as he?ll have the most experience in dealing with situations such as yours.

If you plan to finance your next commercial real estate purchase, you should first ensure that you can provide detailed financial statements for prospective lenders. These documents give the banks the information they need in regards to your financial responsibility and how secure their investment would be if they were to give you a loan to meet your goals.

TIP! Take a good look at the property?s surroundings. You are required to clean up any environmental waste on your property.

Feng Shui

When considering properties for your investment portfolio, abide by the principles of feng shui. Two of the most basic principles of feng shui- open spaces and clutter-free lifestyles -are also very appealing to buyers.

Ensure that you have a singular investment focus at any given time. Regardless of whether your real estate investment is a office, apartment complex, or undeveloped commercial land, it is important to concentrate your efforts on only one investment. Your undivided attention will be need to maintain each of these types of property. 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.

TIP! Commercial loans require a higher down payment than your typical residential loan. You need to research different lenders so that you can find the best one for you.

As mentioned earlier in this article, you could have a variety of motivations driving you towards commercial real estate investment, but all motivations require learning more about this field to find success. Apply the advice from the preceding paragraphs towards your commercial property dealings and you can be well on the path to maximized profits and rewards.

Source: http://www.maynaseric.com/considering-the-commercial-real-estate-market-follow-these-tips-2

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