COFFEE IS FOR CLOSERS!

Glengarry Glen Ross was spot on for that time, cold call, cold call, cold call. When asking many CRE Agents how they choose to market themselves many say they focus on cold calling, they don’t see the value in utilizing social platforms. However, the modern-day CRE agent has so many more options to generate leads that it’s almost overwhelming. With so many new social platforms, email programs, CRMs, referrals, cold calling, blog writing it’s almost too daunting to figure which is best for you to utilize.

Flipping homes has been here for a while. But now, flipping commercial real estate is becoming more and more widespread. What is more, it is increasingly popular with investors interested in making larger profits. While residential real estate has a much bigger pool of potential buyers, commercial real estate is way less competitive. And that is why there are better chances of landing a higher sale. Therefore, if investing in the real estate area that is less competitive but promises higher profits sounds interesting, we are here to present you with a few best practices when flipping commercial real estate.

Location may be one of the most important factors when starting or opening up another site. Followed by leasing options or, if there is a building for sale in the area, buying the office building entirely. Here are the benefits and negatives of buying versus leasing an office building.

As a buyer of commercial properties, you should accomplish two types of due diligence before moving forward with the acquisition. These types of due diligence will protect you against incurring liabilities, and you will be made aware of precisely what you are purchasing. It also gives you a more straightforward overview of what you can negotiate and the terms you could offer. The two types are physical due diligence and financial and operational due diligence.

Barriers to entry are restrictions that prevent new competitors from quickly entering an area of business or industry. These include regulatory clearances, securing licenses, tax benefits, and customer loyalty.