| There are many "insider" commercial real
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| | questions about such factors as local
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| estate secrets. One of the most
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| | zoning laws, land use restrictions,
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| important secrets is knowing the right
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| | utility easements, traffic patterns,
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| questions to ask when investigating a
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| | other planned development, the permit
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| commercial property investment. While
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| | process, and other issues. The answers
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| I'm not going to cover all of the
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| | to these questions can have a profound
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| potential questions in detail, I will
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| | impact on the purchase price of the land
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| make you aware of some of the key issues.
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| | and its final, developed value. Where do
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| I'm also going to suggest some places to
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| | you go? Your city planning or building
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| go for assistance.
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| | department is a great place to start, as
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| Investing in real estate is a complex
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| | is the local utility company. Also check
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| process. Unfortunately, far too many
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| | in with a title company or active escrow
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| people jump into this complicated
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| | company for contacts at the city and
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| marketplace without the knowledge,
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| | knowledge in their specialties.
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| training, and tools needed to be
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| | These aforementioned factors are also
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| successful. It doesn't help that we have
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| | important when it comes to buying
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| hundreds of self-styled "gurus" selling
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| | existing commercial real estate,
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| the latest
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| | including retail, office, warehouse, and
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| no-money-down-get-rich-in-three-minutes
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| | mixed use properties. Knowing the
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| programs to confuse and demoralize the
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| | restrictions on building and use of
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| un-initiated when things don't work out
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| | property is essential to successful real
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| "as advertised." These first-time real
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| | estate investment, so investors need to
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| estate investors are often disappointed
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| | learn where, how, when, and of whom to
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| in the results they achieve and as a
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| | ask these questions.
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| result, often abandon real estate
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| | One of the next best places to turn to
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| investment entirely without realizing
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| | for the answers is a commercial real
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| just how lucrative it can be.
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| | estate agent, called a "broker," familiar
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| Asking the right questions can greatly
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| | with the area in which you have an
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| increase your probability of success, as
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| | interest. You can even ask the broker
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| can learning as much as possible about
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| | representing a specific property. But,
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| the world of commercial real estate.
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| | when asking your questions of a broker
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| This is not an overnight process. One of
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| | representing a specific property keep in
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| the best place to start is to learn about
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| | mind that he or she is working for the
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| your local commercial real estate market.
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| | seller of that property, not you. A
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| In fact, being aware of the status of
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| | local bank loan office or independent
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| your local market can literally be half
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| | mortgage broker are good sources to
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| of the battle.
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| | consult for alternative opinions.
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| For example, when purchasing land it's
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| | Investing in commercial real estate isn't
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| important to understand that the price of
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| | too different from investigating a crime
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| particular parcel varies according to a
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| | scene. You need to ask tough questions
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| number of factors. These can include the
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| | and find the evidence to back up the
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| relative abundance or scarcity of
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| | statements. It can sometimes be a tough
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| similarly sized and located parcels, the
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| | process, but asking the right questions
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| population's growth trends for the area,
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| | will only increase your chances for a
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| and the proximity to good employers. Raw
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| | profitable transaction.
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| land buyers need to ask plenty of
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