Commercial Real Estate Property: Your Quick and Dirty Guide To Fixing and Flipping

Commercial Real Estate: How To Buy With Little To No Money Down
July 9, 2016
Commercial Real Estate: How To Find Leads
July 9, 2016

Commercial Real Estate Property: Your Quick and Dirty Guide To Fixing and Flipping

The commercial real estate business can be
very unforgiving, however, you can make it work for you. Before you start your new
venture as a realtor there are a few things that you should do prior to inking
your first deal.

 
The commercial real estate business can be
very tough when you are just starting out. As with any craft, there are
different things that you have to take into consideration. For example, the
real estate business can go through a feast and famine period. The recession in
the U.S. a few years ago is a perfect example of this. Before the recession hit
a lot of investors were buying up property at low prices and trying to turn a
profit by selling really high. After the market bubble burst there were not a
lot of properties being sold.
 
There really is
no way you can accurately predict the outcome of the economic climate. You can,
however, adjust the way you approach your investments. Before you start you
want to make sure you do a lot of research on the business. Make sure you talk
to people who have been in this business for years. They usually have a myriad
of trade tips that they have can vary. Anywhere from the best places to find a
potential buy to dealing with a lender efficiently. Asking someone first is
always better than spending a lot of time trying to educate yourself.
 

After educating yourself on the commercial real estate business you now
have to apply your knowledge.

 
  You have a mission that you want to
accomplish, but you cannot complete your goal if you never take the plunge.
Like most coaches say, “You can practice all you want, but now it’s time for
the real game.” You want to start out by scoping the prospective places you may
want to invest in. Spend time in different parts of your city; go as far as
visiting surrounding cities to see if there are any commercial real estate properties that you would be interested in. You
want to set a set a price of what you are willing to pay and the lowest price
you are willing to sell your property for.
 

Where are the best places to look for commercial real estate opportunities?

 
One way you can
find potential commercial real estate
buys is by going through public records. Most of the time you will be able to find
a couple of homes that are either being foreclosed by using public records. A
lot of commercial real estate
investors will also drive around looking for distressed and abandoned
properties that need some refurbishments. This is called, “driving to dollars.
After finding the right place, you want to make sure everything is up to code
and the property is safe to live in or work in.
 
To find a
potential buyer, you want to begin by asking around to see who is looking for a
new home. Family members and friends are great options to begin with. Once you
find a buyer make sure that you negotiate a fair price for both parties.

Dennis Dahlberg Broker/RI/CEO/MLO

Level 4 Funding LLC
Arizona Tel:  (623) 582-4444 

Texas Tel:      (512) 516-1177 
Dennis@level4funding.com
www.Level4Funding.com
NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027

111 Congress Ave |Austin | Texas | 78701    

 
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About the author: Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true.
Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

 

 

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