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Commercial Real Estate Pro Network

Commercial Real Estate Professionals who work with Investors, Buyers and Sellers of Commercial Real Estate. We discuss todays opportunities, problems & solutions in Commercial Real Estate.
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Now displaying: November, 2016
Nov 25, 2016
Buying and selling commercial real estate is a game of poker.  If you know the cards your opponent has, you have an edge.   The cards in Commercial Real Estate are market data. If you don’t have the market data, you might be betting against a full house instead of a pair of two’s.  How can you know what the potential for a property is if you don’t have the data? Get your 10 Reasons to Choose Costar Fortunately, not everyone does their the homework, and that creates opportunities for those in the know. What kind of data can help you make a purchase or sale? The easy market data is the property physical characteristics: address, square footage, year of construction, and owner.  This is the easy information that you can get at the county courthouse.   Fortunately, the collection of all things data can be useful for these specific questions through the use of BIG data.  One specific company that collects and provides information to subscribers is Costar.   If you make your money when you buy, are you more likely to make money on a property that is listed, or an off market property with an owner that has been thinking about selling? What class of asset are you interested in; Multifamily, Retail, Office, Warehouse, Land for development?   To learn more about how market data can help you in your Commercial Real Estate endeavors, contac Chris Beck cbeck@costar.com 503-956-4021  
Nov 18, 2016
Are you the Expert your Commercial Real Estate clients and prospects need to solve their problem? Today’s guest is Nick Raithel, Creator: The 7-Hour Book takes us through how you can increase your value value to your clients and prospects when you are an author with a book.   This is a real way to differentiate yourself from the competition.  A book can lead you to much more.  It can be a springboard to additional opportunities, increased visibility in your community, speaking engagements, keynote speaker in front of your ideal prospects, products, coaching, travel  and more. What should I write about? For some topics that are sought after and you know the answers to download your free: 5 Winning Ideas For Your Book Ok, I’ve got my topic.  So, how do you write a well written book without locking yourself away and ignoring your business and clients?   Engage an Expert. For as little as seven project hours, you can work with The 7-Hour Book, through hour long Skype calls, you can work through the process of pulling the book out of your head.  The end result will be a professionally formatted, written, and designed book you will be proud to present. For more information go to: http://contentcorps.net/  
Nov 11, 2016

What is the difference between a local bank and a national bank?  Who better to ask than a local bank co-president, Jeff Sumpter of Lewis and Clark Bank.   Jeff Sumpter and Trey Maust are founders and co-presidents Lewis and Clark Bank in Oregon.  Jeff was listed as a member of the 40 under 40 by Portland Business Journal in 2009 and mentioned in Simon Sinek’s best seller, “Start with Why”. If you invest in smaller properties with less than four units, you most likely deal with residential lending. Have you borrowed money from a bank for a smaller property recently?   In the name of consumer protection, Dodd-Frank Wall Street Reform and Consumer Protection Act, has made the borrowing process an unrecognizable blur of online electronic signatures compared to pre 2008.   What makes a community bank different? Compare this with a commercial loan from a local bank that feels like having coffee with a friend.  You can spend the time needed to gain mutual understanding, build trust and answer questions the bank may have in person.  If everything makes sense, the loan application is presented to the loan committee and the approval or denial is made! Jeff and Trey started with a plan for how they wanted to treat customers and their employees, recognizing the value of the relationship.  Small local community banks reflect the community they are located in.  They find their niche based on the need of the community they are in.  This gives smaller banks the opportunity to deal with customers one on one.   Community banks know the asset they lend against and typically keep and service their loans. For more go to: Lewisandclarkbank.com  

Nov 4, 2016
So these laws are like the laws of physics, or the law of gravity.  They never change.   The six immutable laws of real estate investing: Always insist on a margin of safety. In other words the goal is not to buy at fair market value but to purchase with a margin of safety.   This time is never different. The four most dangerous words in investing - "this time is different." Whenever someone starts saying this time it’s different, get out of that investment as quickly as you can. Be Patient and Wait for the Fat Pitch. "Patience is integral to any value-based approach... However patience is in rare supply." In commercial real estate there is a time to wait and there is a time to act. When things go bad, the tendency is to dump our real estate quickly, when the prudent thing to do is wait. Be Contrarian. Humans are prone to the herd instinct. When everyone is buying they buy; when everyone is selling they sell. Look to buy when everyone else is selling.   Be Leery of Leverage.  In many instances owners with properties that were over leveraged loss of their properties.  Those homeowners who used their homes as ATM machines learned the hard way too as many lost their homes.   Never Invest In Something You Don't Understand.  You should never invest in a property type or location you don’t fully understand.  For more go to: Marshall Commercial Funding http://www.marshallcf.com/      
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