I hope you had a great year! It has been for me! As we
move into 2012, be aware that there will be more great deals on commercial
real estate out there. We are also seeing group investments comming about as
well. If you have any interest in that, please contact me.In
addition, my websites are changing! Keep a look out for more great
commercial real estate information that you can use!
Sincerely
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Important Investing Considerations
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While investing in
commercial rental property
can be a lucrative endeavor,
it comes with numerous
considerations that you may
not have encountered in the
residential rental market.
Before you commit to a
commercial rental investment
property, consider the
following areas of concern.
Laws relating to
everything from the initial
purchase to eviction of
tenants are often vastly
different for a commercial
investment than for a
residential investment.
Zoning laws alone can
frequently cripple your
plans for the property if
you do not fully understand
them prior to purchasing the
property. In some cases, the
laws work in your favor;
however, it is of paramount
importance that you have a
clear understanding of them
before you invest. Value.
The factors that affect the
value of a commercial
investment are frequently
not the same as those that
determine the value of a
residential property.
Commercial renters are
obviously looking for
something very different in
a rental than a residential
tenant. When you purchased
your home, for example, you
likely looked for an area
where future construction
was not anticipated, whereas
the value of a commercial
property often benefits from
any planned growth in the
immediate area.
Financing the purchase of a
commercial rental property
can be complicated and
confusing. Since you are not
going to be living in the
property yourself, lenders
typically have a separate
and distinct formula for
determining eligibility for
a commercial loan.
Qualifying for a residential
mortgage is relatively
simple and straight-forward.
If your credit score is good
enough and your debt to
income ratio low enough,
then you will likely
qualify. Obtaining a loan to
finance the purchase of a
commercial property is
considerably more difficult.
If you are considering
investing in commercial
property, do yourself a huge
favor and take the time to
consult with a commercial
real estate professional
early on in the process.
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Sensible Selling Tips
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Although selling a commercial property is based on the same basic
principles as selling residential property, there are a number of
important differences. If you are the owner of a commercial piece of
property and are planning to sell the property in the near future, there
are a number of considerations that you should take into account in
order to avoid a costly mistake.
While it may seem an obvious
consideration, determining the actual value of the property should be
your first consideration. The true market value of the property may be
considerably more or less than you think it is. The value of commercial
property can be affected by a number of factors including location,
zoning, and future plans for the area, among others. Take the time to
have an experienced Realtor evaluate your property to determine the
appropriate price point for the sale. Another thing to think about
before putting your property on the market is what you plan to include
in the sale.
Many commercial properties have, or have had, a business
operating out of the property. As a result, there may be equipment or
fixtures currently located on the property. If you plan to sell them
with the property, make sure you include their value in the sale price.
If you do not plan to sell them, be sure to remove them ahead of time or
make your intention to exclude them from a sale clear to avoid
confusion.
Commercial sales contracts and financing can be significantly
different than a residential contract and corresponding financing. Financing for a commercial investment is typically harder to get and
make take longer for approval. Buyers do not come 'pre-approved'. As a
seller, you want to insist on a substantial earnest money amount as well
as a reasonable, but short, period of time within which the buyer must
obtain financing if possible.
Again, an experienced commercial real
estate professional can be invaluable during the sale of a commercial
property by providing the right advice.
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Announcement |
PLEASE NOTE NEW OFFICE
ADDRESS: 1001 East Blvd. Suite B, Charlotte NC 28203 |
Landlords Using Doggie DNA Tests to Catch Pooper Scooper Violations!
This is NOT a joke! This company called BioPet Vet Lab
actually has a service that will identify the guilty pooch to pooped on your
property using DNA testing. Take a look at their website
Poo Prints
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Contact Information |
Rob Cassam, MBA, CCIM
Carolina Realty Advisors
1001 East Blvd. Ste. B
Charlotte NC 28203
Tel: (800) 587-4066 Ext. 100
Fax: (704) 442-8841
robcass@ix.netcom.com
Website
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What I do... |
I provide real estate brokerage services for small and medium sized businesses,
investors, and individuals who are fed up with losing money, paying too much
and/or, spending too much time not getting the right piece of property for their
particular situation. I act as the quarterback in the real estate transaction for my clients who coach
me in managing all of their different needs.
My clients love not needing to worry about making bad decisions or bad
investments and love winning negotiations.Take a moment to think about these important questions:
How
are your properties helping you in your life?
Have
your investments turned out as planned?
What
types of problems have you had growing your portfolio?
How
has the economy impacted your rents and vacancy?
Are
you satisfied with your income and asset portfolio?
Is it meeting your needs?
How
much of a problem is dead equity in your property?
How
long are you prepared to go on doing nothing about situations in your business
that are not quite right?
Give me a call, I may be able to help.
The
Insider's Guide to Commercial Investment Real Estate
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