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

Commercial real estate investment has an enticing reward potential, however, a considerable amount of homework is required on the part of any would-be investor. The tips you just read have helped many real estate investors make a tidy profit, and if you follow these tips, there is no reason why you can?t follow in their footsteps.

There is a chance of drastic inflation in the upcoming years that commercial investors in real estate should be aware of. At one point, most leases included provisions that protected the involved parties from the economic effects of inflation. However, very few modern leases will include this type of clause, which leaves investors vulnerable to the effects of inflation.

Address any environmental issues or hazards before you sign the final purchase paperwork. One huge concern is when the property you currently own has problems with hazardous waste materials. It?s up to you to be aware of the issues, fix them, and have them inspected once complete.

TIP! Make sure that the commercial real estate you want to purchase is equipped with connections to all of the utilities you?ll need. Your particular business might need additional services, such as cable, but at the minimum there should probably be sewer, water, phone, electric and gas.

Remember that your relationship to the investors or lenders plays an important role. Because properties may be sold without ever being listed, you increase your chances of becoming part of these opportunities if you have networked with the appropriate people.

Commercial Property

One of the biggest considerations in the process of attaining commercial property is to know the neighborhood of each and every prospective location. You want to try to purchase commercial property in a neighborhood that is affluent so that you know your clientele are a little bit more well off and can spend more. However, if your products or services cater more to those with less funding, consider a location in a neighborhood that fits your potential clientele.

TIP! Have clear ideas in mind what you want out of a possible property before you buy any commercial piece of real estate. Are you thinking of leasing the property to a business or running your own business there? Know exactly what features you require before you begin searching for commercial real estate.

Go on a tour of all potential properties. When looking at a property that you are thinking of purchasing, it?s a good idea to have a licensed contractor accompany you. Make the preliminary proposals, and open the negotiating table. Evaluate and reevaluate the counteroffers before making any kind of decision one way or another.

When you are hunting for a permanent home for your growing business, keep in mind that size matters. Unless you want to be shopping again in a few years, you should invest in a commercial property that gives your business ample room to grow.

Consider any tax benefits you?ll receive through a commercial real estate investment. Depreciation benefits and interest reductions are given to investors in commercial real estate. ?Phantom income? is a taxed income, but not income received as cash. Before you begin investing, you should be knowledgeable about this particular category of income.

TIP! Pay for professional inspections of your commercial property before you put it on the market. If they flag issues that need to be fixed, repair them before you list the property for sale.

In the earliest stages of negotiating your lease, it is in your best interest to ensure that only a few conditions are capable of constituting acceptable means of default. If you are able to successfully do this, you?ll find that your probability of having the tenant within the building defaulting will be low. This is in your best interest.

Prior to dealing with the commercial real estate market, you should go on the Internet, and get an online presence. Make a LinkedIn profile or personal website. Explore SEO techniques that will elevate your website in internet search rankings. Eventually, you want people to be able to find your site by putting in keywords related to your business, or even your name.

Real Estate

TIP! Start drafting letters of intent by focusing on the more central issues. Once you have agreement on those, broaden the negotiations to include any smaller issues that remain.

If you take the time to read through and start applying the advice that you have read, you will start off on the right foot with real estate investing. This article can help you to access some of the significant profits currently available to smart commercial real estate investors.

Source: http://www.maynaseric.com/try-these-great-suggestions-for-commercial-real-estate-6

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