Thursday, August 9, 2012

? How to Prepare for That First Investment Property Purchase ...

Posted by walter on August 8, 2012 in Blog | 0 comments

?A man cannot be comfortable without his own approval.?

-Mark Twain

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Following are some essential tips that will help investors through their first commercial property purchase:

Prepare Financially: Commercial investments require larger down payments than residential properties. It is not unusual for commercial lenders (many different types of commercial lenders) to require 10 to 30% down in order to purchase a business or commercial property (owner occupant commercial real estate).? Commercial investment properties (owner?s business does not occupy the real estate) often require 25 to 50% down payment.? Investors must also have capital in reserve to make upgrades to the property or sustain the initial business.

Select a Qualified Commercial Real Estate Agent: Commercial property sales can be very complex for an unfamiliar buyer. A real estate agent can educate you on the process of buying, explain about any pitfalls and identify properties that meet your criteria.

Decide What Type of Property to Invest In: Each property type has unique issues that need to be addressed. Gas stations, multi-family residential complexes, hotels, commercial residential mix, industrial, general office, land, medical office, and retail buildings all have benefits and drawbacks.

Be Confident and Aggressive: First-time commercial buyers need to go into the transaction informed and knowledgeable (seek brokers and developers that educate instead of dictate). Buyers will be required to make quick decisions and work to deadlines with their broker. By being confident in your decision and aggressive with your offer and negotiation (find a broker with financial education to help you learn how to quantify decisions) you?ll get the best deal possible (seek ?win-win deals? through ?math? and uniting the goals of each party in the transaction).

First-time commercial investors (investment properties, owner occupied purchases, and leases are all ?investments?) have a major hurdles to overcome when entering into the world of commercial real estate investments. By finding a qualified commercial real estate brokerage team, and being confident in the decision (learn the math!), investors will find an investment that can provide profits for years to come. After you find a deal with your broker, consult with your cpa, attorney, and any other trusted advisers before making a final decision.? Well rounded ?team? decisions usually have better success than impulsive unadvised choices.

Feel free to contact Walter? regarding any of these stories, the current market, distressed commercial real estate opportunities and needs, your property or your Investment Needs

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OPPORTUNITIES

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www.KLcommercialgroup.com

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?http://www.loopnet.com/profile/14101172900/Walter-Unger-CCIM/Listings/

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Please go to my web-site and get all the newsflashes and updates in Commercial and Investment Real Estate?daily

www.walter-unger.com

??? Also if you register and become a member you will have access to the In Distress Commercial properties from Pima andPinalCountyand the Trustee Sales for Commercial Properties fromMaricopaCountyon the member?s page.

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Walter Unger CCIM, CCSS, CCLS

I am a successful commercial Real Estate Broker in Arizona now for 15 years and I worked with banks and their commercial REO properties for 3 years.

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WHETHER YOU LEASE OR OWN

NOW IS THE TIME FOR YOU TO EXPAND, UPGRADE OR INVEST.

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In my opinion we are at or near the bottom of the Commercial Real Estate cycle in Arizona and now is the time for you to expand, upgrade or invest in Commercial Real Estate. The prices on deals I may get you will not be around forever.

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IF YOU OR ANYBODY YOU KNOW IS IN TROUBLE WITH YOUR BUSINESS, AS MANY AMERICANS ARE IN THE MOMENT, AND ARE ABOUT TO LOSE YOUR COMMERCIAL PROPERTY, PLEASE CONTACT ME.? IF YOUR BANK IS BEHAVING BADLY I MAY BE ABLE TO HELP YOU GET OUT OF SOME OR MAYBE A LOT OF FUTURE HEADACHES.

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WAITING TO SELL YOUR LAND ? TIMES CHANGE / IT?S TIME

? We barely could give land away the last few years, but times are changing.? Even in those meager years, I sold more land across the state than most other brokers. Before the real estate crash I was a land specialist with millions of dollars of transactions, but then I had to change and also sell other investment properties, which was fun, but I love to sell land, one acre to thousands of acres.

Since I was a land specialist, many of my clients, Sellers and Buyers remember me and now they are calling me again, so this is the time to get back into land and none of my clients, including future clients, will miss out on getting their best deal.

Also, if you are up-side down on your land, like many Americans, and the lender is giving you a hard time, now is the time to put your land on the market. Lenders are making deals now with short sales.? I have been working with banks for many years ? I learned how to work with them.

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If you have any questions about the 1 to? 3 above, I will gladly sit down with you and share my expertise and my professional opinion with you. Obviously I am also in this to make money, but it could be a win-win situation for all of us.

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Please reply by e-mail walterunger@ccim.net or call me 520-975-5207 (cell)? 602-778-5110 (office direct).

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www.Walter-Unger.com

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Thank You

Walter

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Walter Unger CCIM

Associate Broker

Kasten Long Commercial

2821 E. Camelback Road, Suite 600

Phoenix,AZ85016

Cell:????? 520-975-5207

Direct:?? 602-759-1202

Office :? 602-445-4141

Fax:????? 602-445-4188

walterunger@ccim.net

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Delivering the New Standard of Excellence in Commercial Real Estate

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www.walter-unger.com

www.KLCommercialGroup.com

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My Listings:

http://www.loopnet.com/profile/14101172900/Walter-Unger-CCIM/listingslink

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Disclaimer of Liability

The information in this blog-newsletter is for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided ?as is,? with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.

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Source: http://walter-unger.com/blog/how-to-prepare-for-that-first-investment-property-purchase-buying-commercial-real-estate-is-not-for-the-faint-of-heart/

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