Commercial Real Estate Investing

Because the bottom has fallen out of the residential real estate market, real estate investors have now turned to commercial real estate investing.  Commercial real estate college station investing has many different options for the savvy investor.  Some of them are as follows:

1.       Investing in a retail shopping center as part of a joint venture with several other investors.  This enables you to take less of a risk and get some experience in investing in commercial real estate college station without it costing you a lot of money.  Make sure you know plenty about your partners as well as the property that you will be purchasing;
2.       New construction.  If you have been a project manager or general contractor, you may be able to swing commercial real estate college station new construction as long as you are aware of the different codes.  Commercial real estate new construction is much different than residential new construction.  There are different building codes for commercial buildings that vary from different municipalities.  You have to be familiar with the codes when building commercial property;
3.       Rehabbing or refurbishing older buildings and preparing them for business use.  Again, you need to have some knowledge of building codes and requirements;
4.       Buying a storefront property or free standing store and leasing it to a business.  You need to know about the location, make sure you have a solid lease with a reliable and stable renter and proceed to reap a profit on the rental income while paying off the property at the same time.
Those are just four examples of commercial real estate investing.  No matter what you decide to do, remember the three most important aspects of real estate investment:
 1.       Location;
2.       Location;
3.       Location.
 This is an old and well worn saying, but bears repeating because it is so integral to any type of real estate investment, commercial or residential.  If you purchase a storefront in a blighted area it may be cheap, but unless you plan on working in the store all day and every day and worrying about getting robbed  or murdered on a daily basis, stay away from blighted areas. 
You want to make sure that there is a need for the commercial real estate college station you plan to develop or in which you wish to invest.  Office buildings and complexes are usually always in demand as professionals and others are usually looking for cheap office space. 
 In older towns and cities, there are areas in which older homes are being turned into office buildings and stores.  In “historic districts” in towns, there is an effort to refurbish older homes and increase the value of the property in the area.  These are also an ideal option for those who are thinking of commercial real estate investing.
Use any knowledge you have regarding real estate college station when deciding on commercial real estate investing and make any skills you have work for you.  By doing as much as you can with regard to construction, rehabbing or even property management, you can add income to your investment.  Always remember to purchase property in a good location or up and coming location so that it will appreciate in value.
When making investments in remax properties college station, you can consult with Gordon Pate.

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Financing your Commercial Real Estate Investment

There are many different ways for financing your commercial real estate investment.   You can either go to a bank or join an investment group that will finance the rest of the project.  There are good reasons for choosing either of these options.
If you are planning on investing in your own commercial real estate venture, financing your commercial real estate college station investment will probably take place at your local bank.  You will have to come up with a good part of the money for the project, a detailed business report, a statement of assets and liabilities and other documentation that states how you are going to pay for the property and how it is going to be used.  They will also want to see a business plan as well as information from the municipality where the property is located prior to loaning you money.
Getting a bank loan can be time consuming, but if you are planning on making a career out of investing in commercial real estate college station, this is an excellent opportunity to build up a relationship with your banker.  Once you have established a good credit history with your banker, chances are that they will be willing to lend you more money in the future at a better rate.
You will also most likely have to provide any financial information pertaining to yourself as well as income tax statements.  If your business is incorporated, you will have to show proof that it is in good standing with the state in which it is incorporated when financing your commercial real estate college station investment through a bank.
If you do not wish to pay interest rates or fees charged by a bank, you can enter into a real estate college station partnership with an investment company or investment group when financing your commercial real estate investment.  You will only have to put up a portion of the money, but will have to split the profits with the other partners in the group.  This can be quite beneficial for someone who knows little about the commercial real estate market but wants to make their money earn a higher yield that it would do in a money market account, mutual fund or a bank.
Commercial real estate college station investment is blooming across the United States.  Unlike the residential market, the commercial market is still proving to be a viable option for those who want to invest in the real estate market today.  However, investing in commercial real estate is completely different than investing in residential real estate and financing your commercial real estate investment is also quite different.  You will deal with a bank that is rather stringent in their requirements, or an investment group where you will share in the costs as well as the profit.
As the interest rates are low, financing your commercial real estate college station investment through a bank has never been better than it is right now.  Be forewarned, however, that if you choose this route, you have to know something about what type of investment you are financing, how it will be used, have good credit and have a solid and proven business plan.
For details, information and current remax properties college station, please visit Gordon Pate.