Insider Tips to Help You Discover How to Succeed with Commercial Property
EVERY NEGOTIATION can be very easily broken down into its component parts … once you understand what is really going on.
Over the next few weeks, I’ll be posing 20 questions — which (when taken together) are intended to help you fully grasp everything involved. [Read more…]
Last week, you explored the various Selling methods available to you — which ones were the preferred, and why.
Plus, you were also given some initial insight into the benefits of using Web (or “Stealth”) Marketing techniques. But how does this differ from traditional marketing for Commercial property? [Read more…]
WHAT YOU need is a strategy to make absolutely sure you obtain the best possible price when you sell.
And you do this by creatively targeting investors, developers and potential owner-occupiers — through adopting a broad (yet cost-effective) marketing campaign, which draws out those buyers best suited to your property.
The #1 secret for successfully selling any property is to promote the feeling among your prospective buyers that “they could miss out”.
However, this is difficult to achieve with a straight, Private Sale. In fact, this method generally takes far longer to achieve a result — as it fails to create any sense of urgency in a buyer’s mind. [Read more…]
AS YOU WILL appreciate, being able to sleep at night is one of the key objectives for any Commercial property investor.
And that’s what many property investors refer to as staying below your “Threshold of Insomnia”.
There can be several things that might cause you to lose sleep. One is over-borrowing; and the others are making a poor assessment of the market and the property itself. [Read more…]
BEFORE YOU purchase your next Commercial property, you do need to take some advice on which purchasing vehicle is right for you — because it’s definitely not ‘one size fits all’.
The Australian Tax Office is quite happy for you to arrange your affairs so as to minimise the tax you pay. In other words, it is quite legal for you to avoid tax — you simply cannot evade it. [Read more…]
MY ADVICE to clients is to always accept whatever the vendor is telling you about his or her property, as being “true”.
Then simply “reserve your right” within the Contract, to validate all the wonderful things you’ve been told about the Commercial property you’re about to purchase.
You see, most vendors believe their property to be perfect. And will therefore raise little objection to the final contract giving you a Due Diligence period … to confirm the overall status of the property.
You cannot go anywhere nowadays, without somebody offering you their advice about Commercial property.
And it’s hard to know whether they are giving you good information, or just passing on ideas they have picked up on from rather dubious sources.
But once you understand that Commercial property and Residential property completely different, you then begin to understand how the commercial market actually works.
That’s why these articles are intended to give you the real information — to help you become an expert on the subject.
So let’s start with doing homework properly. [Read more…]
BANKS have a variety of ways of analysing a Commercial property; but there are a few guidelines they all tend to use.
For them, the most important number is the property’s Net Operating Income — which is basically rental minus expenses. As simple as that may seem, the calculation can vary dramatically from lender to lender.
Calculating the Net Operating Income is fairly straightforward. [Read more…]
YOU can certainly round out your portfolio and in hence your returns, by investing in Commercial property.
However, it’s important to do your homework; plus, understand that the Commercial market differs from the residential property market.
And provided you undertake the necessary research, you’ll find there is great potential in owning Commercial property. [Read more…]
If you’re looking to purchase a Commercial property to occupy yourself, perhaps you should make it a two-step process — by first renting a property within the location you prefer.
Finding somewhere to lease is relatively easy, as not everyone wants to sell their commercial property.
Most people own Commercial property for investment — which means you would be able to occupy the space, for as long as you keep paying the rent. Plus, you can then discover whether it is the location you want for your business.
Anyway, you may care to check out a few more tips on buying commercial real estate, as you continue reading. [Read more…]
KEEP IN mind that Commercial property investing is all about the deal, the terms and the return on investment.
Below are a few key tips intended to give you a hand with your property investing. [Read more…]
WHEN IT COMES TO MAXIMISING your property income, depreciation is a powerful tool that is often overlooked.
As a Commercial Investor, you have a unique advantage over those investing solely in residential properties.
FINANCIAL INSTITUTIONS HAVE a range of methods for evaluating commercial properties, but there are some general guidelines that they typically follow.
One of the key numbers that banks focus on is the property’s Net Operating Income (NOI), which is essentially the rental income minus expenses.
WITH EVERY NEGOTIATION, you always need to be thinking on your feet. And here are several simple Tips to help you do just that.
WHEN YOU EMBARK on your journey as a property investor, it can be overwhelming – with a flood of information and diverse opinions. To help simplify the process, here are five essential tips for new (and seasoned) investors.
IT DOES NOT MATTER whether you’re an investor or an owner-occupier, there are several important factors to consider when purchasing a commercial property to ensure you make the right choice.
In a previous article, I shared a handy App to assist you in shortlisting potential properties. If you haven’t already downloaded it, simply click on the HiReturn Filter over on the right, to install it on your tablet or mobile device.
THERE IS A BELIEF among many experts that a surge in the stock market typically precedes a recovery in the commercial property market by about six months. And the start of this year saw equity markets gaining some momentum.
I HAVE BEEN ASKED countless times about the secrets to a successful negotiation. And I want to share with you the key elements to help make your negotiations effective.
But first, just watch this short video to gain a quick understanding of these three essential elements that form the foundation of every negotiation.
