Investing in a Commercial Property? Valuable Tips from Property Experts
Most people immediately think of residential properties when we talk about property investment. Little do they know that there are HUGE opportunities from commercial property investment.
WHY COMMERCIAL REAL ESTATE?
Commercial real estate investing is known to often provide higher income streams. Investors in commercial real estate typically receive steady cash flow for their investments, with income generally distributed monthly.
- retail buildings
- office buildings
- industrial buildings
- “mixed use” buildings (where the property may have a mix, such as retail, office and apartments)
WHAT YOU NEED TO KNOW
While many investors understand residential property because they may have bought and sold homes themselves, commercial property is more complex. The factors that drive the success are different and the things to consider when choosing your purchase are also different.
Before you start, you need to get a few things in order:
- Pre-determine your budget
- Consult with your finance broker
- Check with your accountant if you need to register for GST
- Decide what entity you will hold the property in
WHERE A PROPERTY BUYER IS MOST NEEDED
- Careful selection of the commercial property
- Assessing the location, access and parking
- How to evaluate the likely tenant base for the property
- Examining the lease
- Analysing your cash-flow and capital growth prospects
- Conducting thorough due diligence
Whether you’re looking for a commercial property for your own business or to generate income from tenants, buyer’s agents help commercial investors find the properties they need. Read this CASE STUDY about how Property Wizards helped a client secure a fantastic commercial property that met an extensive wish list.
YOU COULD DO IT, TOO!
If you are ready to get the ball rolling, why not allow us insight into what you’re looking for by completing our GETTING STARTED form? A property expert will get in touch with you to discuss a tailored strategy based on your answers.[divider style=”5″]
If you want to learn more about property investment strategies, or you’d like to clarify your investment strategy and goals, why not request our 4 Strategies Download to get the ball rolling.
Regardless of market conditions, our research, local knowledge, and access to silent sales means we find the ‘hidden gems’ that can outperform the market in capital growth and rental returns for long term wealth creation. Importantly, we’re able to provide property investors and homebuyers with the same level of representation that property sellers have benefited from for years.
Your property portfolio is your path to financial freedom and the lifestyle you’ve been longing for.
Property Wizards takes away the stress of buying a property and saves you money at the same time. We can show you how, or you can sit back and let us do all the hard work for you. It really depends on the amount of time you’d like to put in.
And, if you’re already contemplating how to tackle the property market in Perth, why not download our free Property Investing – A Beginners Guide. We think you’ll find it invaluable.