A letter of intent (LOI) is the initial offer to the seller of a commercial property that you want to buy. The commercial real estate letter of intent should tell the broker and/or seller that you’re a serious buyer who is ready to close at the price and the terms you have spelled out, provided
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MAKING OFFERS Most successful investors only work on deals that they feel they can close. This means that you need to have a plan in place that eliminates the deals that won’t work for you. Here’s how to develop that plan: • Develop a qualifying system of identifying the types of properties that you want
Buying Commercial Property: Making Offers and Negotiating Deals Read More »
AS A BUYER SHOULD I PARTICIPATE IN THEM? As a buyer, the reason you participate in an online auction is because you anticipate getting a good deal. If you are an experienced buyer of commercial real estate you should participate in auctions if you see a property that meets your criteria. As a first time
Commercial Property Online Auctions: Why Buy or Sell on Them? Read More »
One of the most important aspects of commercial real estate investing is finding the right property. And location is a major factor in identifying that property. Location includes many factors as you will see below. For a retail property especially, it is a big key to its success. A good location attracts tenants – and
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To do a proper commercial real estate analysis, you must understand its market value. Long term successful investors make money when they buy, not just when they sell. You reduce risk and increase your chance for great returns when you buy properties at or (preferably) below their market values. 3 Techniques to Value Properties Investors,
Analyzing Commercial Real Estate: Crucial to Successful Buying Read More »
In order to understand the closing of a deal when buying commercial property, let’s review the steps of the sales transaction: 1. Buyer submits an offer to buy the property either through a Letter of Intent or a formal Purchase Agreement, any necessary negotiations are completed, and the Seller accepts the offer and executes the
Buying Commercial Real Estate: Closing the Deal Read More »
The commercial real estate appraisal can be a very interesting process. You often feel that you already know what the value of the property is, but now you’re waiting for someone else to see if they validate your opinion. At the same time, you’re relying on an appraiser who may not be an expert at
Commercial Real Estate Appraisals: Overcoming a Low Appraisal Read More »
The definition of a triple net lease is a lease under which the tenant is responsible for paying the taxes, insurance and maintenance, in addition to the lease payments on a property. Triple net leased properties are often defined as single tenant, stand-alone retail properties such as banks, restaurants (fast food and casual dining), drugstores
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As an owner of commercial property, the property manager is an agent acting as a trustee on your behalf. The property manager’s primary objective is to oversee the maintenance of rental property, rent to suitable tenants, collect rent and account to the owner. Management Qualifications Qualifications a property manager should have: • Prior experience handling
Owning Commercial Property: The Property Manager’s Role Read More »
Getting your commercial property leased is the most important thing that you can do if you own commercial real estate. Here are the things you need to do to get your property leased: 1. Make sure the space is ready to show and that it shows effectively. Clean up the space itself as well as
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