16 Dec How Do I Get into Commercial Real Estate?
Getting into commercial real estate requires a level of dedication and commitment all its own. Because of this, it’s important that you take some time to assess why you really want to be in commercial real estate and how badly you want to make it a reality. The first step to getting into commercial real estate is to make the decision...
13 Dec Is commercial real estate a good career?
Commercial real estate is an exciting and rewarding career, allowing infinite earning potential and flexibility for agents. As a commercial real estate agent, you will be your own boss, and have the ability and freedom to work your business around personal and family obligations. You can choose a specialty “niche” area, and work to become an expert in that field...
11 Dec What Is the Best Website for Finding Commercial Real Estate?
Searching for commercial real estate online is a little trickier than searching for residential. Residential real estate search engines such as Zillow, Homes.com, and Realtor.com, not to mention many residential brokerage sites feature a huge variety of listings. In the case of the larger sites, you can search nationwide for the property of your dreams. The online tools for commercial...
10 Dec How Do I Buy My First Commercial Property?
When you decide to get into commercial real estate, finding and purchasing your first property comes with a big learning curve along with the financial investment. With a lot of advice out there comes a lot of confusion about the best way to jump into commercial real estate. But the real key is to find a deal and then approach...
09 Dec Is There an MLS for Commercial Real Estate?
Many of us are familiar with MLS through purchasing a home. Realtors can go into MLS and build a query with the exact specifications of what we’re looking for and then email over daily or weekly lists of properties that may match those specifications. We check them out and send a thumbs up or thumbs down and they can use...
06 Dec How Successful Are Commercial Real Estate Brokers?
We’ve all seen it. People who look like they have it all together. All the nicest clothes or watches, picking up the tab for the table. But then they get home and scratch and scrape to pay their light bill. This same illusion can hold true for commercial real estate brokers. A lot of people see commercial real estate brokers who...
05 Dec How Do I Find the Owner of a Commercial Property?
If you’re searching for the owner of a commercial property, be prepared to dust off your detective badge and get down to work. While finding the owner of a commercial property is possible, you have to do a little digging to get there. Finding the owner of a commercial property begins by identifying which parish it’s in. Once you know which...
04 Dec Why Is Commercial Property So Expensive?
In this case, the term “expensive” is relative. What looks expensive to a novice, first-time investor may look like pocket change to one that is established in commercial real estate investing. But, to be fair, commercial real estate is generally more expensive than single-family residential homes. This is the result of a few factors. Commercial property takes a lot of money to...
29 Nov What Is the Average Return on Commercial Property?
The average rate of return on a commercial property must take into account several factors, including but not limited to the cost of the property, the initial investment in getting it ready for tenants, and the ongoing maintenance costs. Many times, people will have an inflated view of the average rates of return because they fail to factor in the...
21 Nov How Do I Know My Appraisal is Accurate?
Buying or selling a property is a big investment. You want to ensure that you’re getting a fair price for your property. What happens if the property is appraised too high or too low? Do you trust the first appraisal, or should you request multiple appraisals from different appraisers? While the short answer is that if you’re uncomfortable with what...
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