For tax purposes, commercial real estate is classified as investment and/or income property. It is used to generate a profit. There are four common categories:
* Retail: includes hotels, malls, shopping centers, and medical centers
* Office: includes office buildings
* Industrial: includes farm land, industrial properties, and garages
* Multifamily housing: includes all-type developments
There are three important steps to consider when preparing to purchase commercial real estate:
Step #1: Develop a Goal and a Market Plan
Searching for commercial real estate can be a laborious task. Therefore, know the type of property you want to purchase. For example, before searching for an apartment building to either invest in or purchase, study the real estate market to determine the price you are willing to pay. Apartment buildings may start at $400,000 and go as as high as $15 million and more. Determine the type of commercial property, the market, and the type of clientele before searching for properties. Narrow down the city to a specific area. Visit the area. Study it. Evaluate your goals.
Step #2: Write a Literature Review
In graduate school, students are required to develop a literature review to gain an understanding of a particular subject, text, and/or literary character. Reviewing the available literature on commercial real estate is no different. Familiarize yourself with real estate principles. Read case studies and federal and state laws on property ownership. Research websites and print out the material. Study the methods of property investment companies and draw up a draft of key points and strategies. In other words, develop your own reference source.
Step #3: Call a Real Estate Broker
Asking many questions is very important to the process of preparing for commercial real estate. There is always room for a question. That means that there is always room for an answer. You need answers. You need help from an expert.
Tips
Purchasing real estate can be long, frustrating, and intimidating. That’s why it is important to not confront this task alone. Talk to someone. Talk out your ideas. Allow someone to criticize your plan. There may be something you haven’t thought about; then, surround yourself with positive energy. The most important thing to remember is to prepare. Once you are locked into a piece of commercial real estate, it is much harder to sell it.
Commercial real estate appraiser
One can talk to a commercial real estate lender in a number of ways. One can talk to a commercial real estate lender in person, over the phone, or through a company website and email.
The purpose of commercial real estate lending is to use the commercial estate as a collateral to secure repayment of the mortgage loan. The borrower may be a partnership, incorporated business, or limited company.
Investing in a commercial real estate REIT ETF can provide diversification, potential for income through dividends, liquidity, and professional management of real estate assets.
The necessary steps to take in order to prepare for real estate investment would be to know what a low price is for real estate at the time. You want do buy at a low price and sell at a high price. You need to know if you are getting the real estate for a bargain.
Companies that are searching for commercial real estate space to purchase or to rent will use the services of a commercial real estate agent. An example of a commercial real estate company is Sealy Real Estate Services, Shreveport, LA.
Commercial Real Estate Women was created in 1989.
Researching commercial real estate is usually part of the job of a real estate agent. So if you are a real estate agent you most likely need to be have knowledge of researching commercial properties.
Two kinds of certificates which are awarded for commercial real estate classes are the Fundamentals of Real Estate Finance and Commercial Lease Analysis.
Condominium is a form of real estate ownership, and may be commercial or residential.
The website Commercial Real Estate is about finding Commercial Real Estate for sale and lease. You can also find Office Space and Industrial Properties and Businesses for sale.
Commercial real estate refers to businesses. Residential real estate involves selling homes.
If you want to learn about commercial real estate, you can visit websites and Books like Commercial Real Estate Investing for Dummies and The Millionaire Real Estate Investor are easy to understand and great for beginners.
A couple of websites would be http://www.loopnet.com/Florida/Miami-Commercial-Real-Estate/ and http://www.cityfeet.com/cont/fl/miami-commercial-real-estate.
In order to become a commercial real estate broker, you will need to take and pass the Real Estate License Exam in your state.
its a commercial real estate and financial expert ...
Commercial real estate isn't actually a commercial on television. The term commercial real estate refers to properties or buildings used to generate a profit, usually through renting them out to other people.