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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: February, 2017
Feb 24, 2017

The first thing a real estate investor needs to decide, is what is your strategy?  Everyone hopes to buy low and sell high.  Few consider the riches available by investing in bare land.

 

The Land Geek, Mark Podolsky, shared his journey from a workaholic investment banker to a two hour per week passive income professional investor in bare land.  

 

Mark’s investment banker training taught him that a company with fifteen percent EBITDA was a good company.  When his new work colleague showed that investing in land he could make 300 percent, he had to see for himself.

 

Sure enough, when he took the three thousand he had saved for car repairs and turned it into nine thousand, in less than thirty days, he was hooked.  In just eighteen months of investing on the side, he was able to surpass his income as an investment banker.  

 

So, he traded in his one hundred hour work weeks, for what is now no more that two hours per week.

 

How Can You Make Money in Bare Land?

 

Throughout America, there are parcels of land owned by people who no longer value the property.  The clues are are easy to detect.  

 

Mark sends out twenty letters each day to the owners of these unwanted properties.  The letters are short and to the point and include the price he is willing to pay.  The response rate averages three percent reply, a success by direct mail marketing strategies.  

 

When he finds a willing seller, he can acquire the property in just seven days and resell the property in as little as thirty days for as much as three hundred percent return on his investment.  Sometimes, he makes more, upto one thousand percent.  

 

How can you make more in bare land?

The secret to making money in bare land is to make it more than just a transaction by offering seller financing.  These small value properties are not what banks are looking for, so the buyer will either need to purchase with cash, or be willing to agree to seller finance terms.  

 

Using a land contract and promissory note, you can get your purchase price back as a down payment, and offer terms for as long as you want.  The longer the term, the greater your return.  

 

Mark has figured out the pain points and automated whenever possible.  This includes payment collections.  His motto is if you only have one form of payment, you have none.  So, he makes it a practice to collect a primary and a back up payment, so that he never misses a payment.  

In 2016, Mark completed 192 deals using this system.

 

To learn more about investing in bare land and get your Passive Income Blueprint

Click: http://www.thelandgeek.com/

Feb 17, 2017
Winter is the season for property owners everywhere to experience property damage caused by weather; snow, ice, rain, flooding and landslide.   Unfortunately, almost fifty percent of businesses affected by a major loss, never reopen.  Failure to plan is a plan to fail.   In an emergency, you need help and you need it fast.   Emergency Ready Profile, click here. What can you do to make certain you stay in business after disaster strikes? To learn more about what can be done to prepare for an emergency, we spoke with Servpro representative Marla Rockhill.   Restoration contractors have the needed equipment and training to clean up the damage quickly and minimize your down time.   For a free Emergency Ready Profile, click here. For more information go to: Marla Rockhill 503-777-9739 marketingspswpdx@gmail.com https://www.servpro.com/  
Feb 17, 2017

Winter is the season for property owners everywhere to experience property damage caused by weather; snow, ice, rain, flooding and landslide.  

Unfortunately, almost fifty percent of businesses affected by a major loss, never reopen.  Failure to plan is a plan to fail.  

In an emergency, you need help and you need it fast.  

Emergency Ready Profile, click here.

What can you do to make certain you stay in business after disaster strikes?

To learn more about what can be done to prepare for an emergency, we spoke with Servpro representative Marla Rockhill.  

A good first step to reducing the property damage is to create an emergency plan.  The information contained in an emergency plan is easy to find on a normal day, but it can seem impossible to find in the face of an emergency.  

 

Essential information in an emergency plan include:

 

  • Emergency Action Checklist
  • Emergency contact info: Names and numbers of persons who can help in an emergency
  • Fire, Insurance, Restoration Contractor
  • Identify where power and utility shut off switches & valves are located
  • Evacuation plan and meeting location for where the occupants of the building are to meet

Creating an emergency plan can be the difference between staying in business or not.

The water used to put out the fire becomes a potential mold problem.  Standing water will quickly seep into walls, floors & ceilings and create a mold factory which can lead to additional health hazards.

Most property owners facing a large loss, have no idea where to look for help.  Getting to know a restoration contractor before you need one is a good idea.  

Restoration contractors have the needed equipment and training to clean up the damage quickly and minimize your down time.  

For a free Emergency Ready Profile, click here.

For more information go to:

Marla Rockhill

503-777-9739

marketingspswpdx@gmail.com

https://www.servpro.com/

Feb 10, 2017
Site selection is a fundamental key to successful real estate investing, location, location, location! For retail there can be multiple reasons for failure; poor concept, product, planning, understanding who is the ideal customer, and lack of funding to name a few.  But assume that these are solid.  Could a poorly located business fail? Site Zeus was created by Hannibal & Keenan Baldwin, successful business entrepreneurs who suffered some unexpected failures.  When they compared the successes to the failures, there was one significant distinction between success and failure: poor site selection.   Additionally, SiteZeus is able to assess existing locations performance and provide feedback to owners to determine which stores do better or worse and why.    Current verticals SiteZeus has identified as potential markets needing its service include: Restaurants & Retail Convenience & Gas station local medical offices For more information or a free demo, contact: https://sitezeus.com/ Jim Hoff jhoff@sitezeus.com Tyler Carlson tcarlson@sitezeus.com
Feb 3, 2017
Real Estate Investors who chose B, C & D properties must know four things to save on insurance.   Systems that are not replaced present a higher probability of failure or breakage resulting in damage to the property.  This increased likelihood of damage reduces the number of willing insurance companies to cover the property and in turn reduces the competition for your business which ultimately leads to higher cost of insurance. How to Save on Insurance When Investing in B, C, D Properties There are four systems that insurance carriers care most about and investors need to pay particular attention to: Roof - The roof is the first line of defense against rain and keeping water out of the structure.   A roof in poor condition can leak and cause a host of problems like: stained drywall, paint, and the big bad mold, which is a health hazard. Electrical - The older the property, the more concerned you should be.   Plumbing - Aging supply lines can be prone to leaks.  Supply lines made of galvanized pipe or polybutylene are known to fail.  When supply lines fail, the damage can be significant if not recognized immediately.   Heating & Air Conditioning - Properties with older, higher quality heating systems powered by a boiler or forced air natural gas, oil or electric furnaces have an average life expectancy of 18 - 20 years. The life can be extended with regular maintenance.   For your 10 things to know about insurance before you buy a property click here.
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