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Find A Commercial Real Estate Office In Your Area

One of the first questions new real estate investors ask is where they can find great deals. It's only natural, since they've often been eagerly watching the various infomercials that crowd late-night television and they're eager to cash in on what seems to be the easy money available in real estate.

The bad news: it's not as easy as they make it sound of television. The good news: you can make some great money as a real estate investor if you know where to look and do your homework well.

Check local newspapers weeklies for listings

Check your local area newspaper for commercial real estate listings, especially if you live in a smaller town. Your competition will be much less, and you may find sellers more willing to be flexible, since their options are limited by the smaller population base. You can also advertise yourself as a real estate investor who is interested in buying property in your area. You will probably get calls, which is often not the case when your ad has to compete against dozens of others in a big city newspaper.

If you see estate sales listed in your local paper, visit them and ask if the property will be for sale, as well. The same is true about garage sales. Though only some 20 percent of people holding garage sales are planning to move, you may be the only person who asks about their home during their garage sale. The key is to stand out from your competition.

Explore your area and engage the residents

As you drive around your target area, always be on the lookout for vacant commercial real estate office properties, especially those that are somewhat rundown and have lawns that haven't been mowed in awhile. When you find one, stop and talk to the neighbors. Do they know what's happening with the property? They can be a wealth of information, and you'll often find them happy to talk to you, because an unsightly, abandoned property in a neighborhood hurts all the other businesses in the area. Leave your card on the front door. You just might get a call from a motivated seller.

Tell local lenders that you're interested in buying the commercial real estate office space they're in the process of repossessing. If you get a pre-approved for a loan, you may be the first person the bank will call when one of their properties is soon to become available. They might even walk you through the process of a short sale, which can save you a considerable amount of money. Many of these homes will also carry special financing or allowances for repairs, so they're worth looking into.

Make your intent of purchase known to the local community

Distribute flyers to let people know you are interested in buying commercial real estate office space. Offer a finder's fee for leads that turn into sales. It's worth paying someone a few hundred dollars to make thousands with someone providing invaluable commercial real estate listings. Talk to folks who deal with people who are moving and offer them a finder's fee. Whether it's a property manager, your mailman, or your paper boy, you never know where your next lead will come from. Tell everyone you meet that you're in the market for investment homes.

Simple ideas to consider for getting the best office space

As in any area of real estate do not forget about location! This is important for many reasons. Will customers be visiting your office? If so it should be easy to access. Are drive by customers an important part of your business? If so the location on a major street with no construction is huge. You can find out from the city if construction is being planned for the next year.

Talk to the current tenants and discover how the feel about the landlord. Do the phones work all the time? Is the internet service working? is this office clean? Would the current tenants rent from the landlord again?

What is the financial position of the owner of the building? It is not a fun experience to find out one day that you have to move because you building is being closed down.

Is the current market value fair? Search all office space within the $ per square footage? Search local office space and determine what the price per square foot average is in your area and do not pay more than this!

Does your office offer phone answering service, fax service, copy machine service, conference rooms and other services?

Follow these steps and you will never go wrong in securing the commercial real estate office that is just right for you.

When you have finalized the deal and secured your brand new office, always remember to keep a copy of your lease contract in a safe place and never let the landlord charge you for something that you don't owe!

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