| Have you considered getting into real estate | | | | property is for sale will be seen at the same time |
| investing as a career? It's a great opportunity for | | | | as the property, and will be able to stir more |
| personal and financial reward. However, you | | | | interest. If you have a commercial property |
| should be certain to think critically when selling, | | | | located by a major road, be sure to invest in a |
| especially when dealing in commercial properties. | | | | quality, readable sign that lets the public know |
| Going about investing the wrong way can cause | | | | you'd like to sell. |
| you to lose money, not gain it. Here are a few | | | | If you know that your current level of experience |
| tips to help those who are new to commercial | | | | isn't high enough to allow you to take advantage |
| property investment sell their properties and do | | | | of all your options, or are worried about falling |
| well. | | | | victim to a legal detail, you may wish to hire a |
| First, remember all of your resources. A | | | | broker. Of course, this isn't the best case, but |
| Commercial Investment Multiple Listing Service | | | | when you have a commercial property you'd like |
| (CIMLS) will get information about your properties | | | | to sell, losing some of the profits to a good |
| out to more people than most forms of | | | | broker is a better choice than not being able to |
| advertisement or listing can manage. Not only | | | | sell, not getting a fair price, or losing a chunk to |
| does CIMLS benefit you by increasing the | | | | taxes. Especially if this is your first large |
| exposure of your property, it's also free. Just sign | | | | commercial sale, a broker could be a smart |
| up for an account, and you'll be able to put up an | | | | choice. Once you gain more experience, you'll be |
| unrestricted listing. Get the most out of your | | | | able to handle sales without the involvement of a |
| marketing and advertising budget by taking | | | | broker. |
| advantage of free listings. | | | | To defer payment of capital gains taxes on the |
| Likewise, local free real estate publications can be | | | | sale of your property, consider using a tax |
| a great way to get the word out. You may have | | | | deferred like-kind exchange. This is when you |
| to pay for a listing in these publications, but some | | | | exchange your property with another commercial |
| will allow you to add one at no cost. Many are | | | | property owner, receiving a similar property in |
| looking for content, and will be willing to work with | | | | return. This will give you a deferment on paying |
| you. Since people pick these free publications up | | | | your capital gains taxes, as the IRS, seems to be |
| at many locations around the area, you'll be | | | | trying to encourage this kind of exchange as a |
| getting exposure you wouldn't have had before in | | | | vehicle for investment. Remember that there are |
| exchange for a little time. | | | | some specific requirements for a like-kind |
| Remember to pay attention to the local legal | | | | exchange, and your properties must both meet |
| structure, too. Paying capital gains taxes, making | | | | these requirements for your tax to be deferred. |
| sure your property is up to code, and following | | | | Commercial real estate investment offers many |
| local regulations requires knowledge of building | | | | opportunities for the newcomer. Just be sure that |
| codes, tax law, and city or local laws. If you're not | | | | you're taking everything into account, and |
| sure that you have the information you need on | | | | proceeding in a well-reasoned, critical manner |
| these legal issues, consider talking to an | | | | when you sell your property. It could mean the |
| experienced broker. When you're selling a major | | | | difference between making a profit and being |
| investment, the last thing you need is a hitch in | | | | unsuccessful. Don't be too proud to ask for advice |
| the legal process. | | | | or even hire a broker if you need to, and be sure |
| It may seem simple, but many people just getting | | | | to investigate all options before making a sale. In |
| started in commercial real estate investing forget | | | | addition, remember that selling a commercial |
| one of the basic sales methods. Put up a sign. | | | | property requires you to let potential buyers |
| This is a good way to stir local and passing | | | | know the property is available, through signs and |
| interest in your property. Many people looking for | | | | local listings. By paying attention to all these |
| a place to relocate their business won't know | | | | factors, you'll have a much greater chance of |
| your property is for sale unless they see a sign | | | | success in a real estate investment career. |
| telling them so. In addition, a sign stating that the | | | | |