Commercial Real Estate Investors
5 Steps To Get A Commercial Loan - How to Get a Commercial Loan
Step 1: Identify a Property and Put it Under ContractStep 2: Prepare your Financial PackageStep 3: Submit Financial Package for a QuoteStep 4: Choose a Loan ProductStep 5: Due Diligence & ClosingMany new commercial borrowers are familiar with the process for obtaining a home loan—you find a lender or loan officer, submit income and tax documentation, present property information, and after a bit of back and forth, hopefully obtain the loan approval. However, the commercial lending process is substantially different. If you require a commercial real estate loan it is important that you have an in-depth understanding of the process. In this guide, we will review ...
How to Start Investing in Commercial Real Estate
There are many people from all walks of life that are commercial real estate investors—small business owners, corporate executives, professional service providers, entrepreneurs, and professional investors. With the right preparation and understanding, commercial real estate (CRE) is the perfect asset for an investor to earn passive income while owning an appreciating asset. However, commercial real estate is not without its risks, so it’s important that any potential investor understands what they’re getting themselves into. Here are 5 steps to follow in order to jump into the commercial real estate investment game safely:It’s important to set an affordable budget for the property (...
5 Steps to Invest in an Opportunity Zone
In order to avoid paying Uncle Sam on the profit you made on that stock portfolio, property, or other investment that would have usually triggered the capital gains tax (currently up to 20%), you can re-invest that money into an investment property in a designated Opportunity Zone in order to defer, decrease, or even eliminate it (depending on how long you hold the property). Created by the Tax Cuts and Jobs Act in 2017 and officially designated in 2018, Opportunity Zones are areas that have been identified as “economically distressed” and in need fresh investment money in order to breathe new life into the community. They are designed to spur economic development by providing tax benefi...
How Millennials Are Changing Commercial Real Estate: Office Vacancies (Pt. 2)
The millennial attitude toward work is very different than it was for Generation X or the Baby Boomers. While being extremely savvy with technology (we are the “Facebook” generation after all), millennials work to live, not live to work. Slaving away to prove our worth and escalate up the corporate ladder at a Fortune 500 company for 40-50 years until we finally retire is not the goal of our generation (no offense, parents and grandparents! ). Instead we are a generation of efficiency, technology, creativity, and experiences. While we understand the necessity of working to make money and provide a sense of accomplishment, we value our personal lives substantially more than the generati...
How Millennials Are Changing Commercial Real Estate: Crowdfunding (Pt. 1)
Many members of the so-called “millennial” generation (1982-2004) entered into the job market during one of the most difficult times in US history—the Great Recession. Loaded with student debt, no savings, big dreams, and the skills learned during internships, we had to come out of school and try to make a living when most companies were not only not hiring, but letting go some of their most seasoned employees. This difficult economic environment paired with the technological savviness of our generation has combined to make a meaningful and unique contribution to the growth of commercial real estate, which has been long overdue. One of the most interesting ways this creativity has expr...
5 Mistakes First-Time Commercial Real Estate Investors Make
Commercial Real Estate is unlike any other investment because it is a real asset that can be affected by not only the real estate market, but also the greater financial markets, changes in consumer habits, employment, and other seemingly unrelated factors. That is why it is one of the most complex investments to make for those that are new or unfamiliar with the industry. Here are some of the most common CRE newbie pitfalls:There are many reasons a property might be the “wrong” property for a first-time investor. Some of the most common reasons (although non-exclusive) are the following:The wrong location. Maybe the property:is too far from the buyer’s primary residence for proper ov...
