How to buy your first commercial property in 5 steps?

Land banking is where you purchase larger tracts of land that are in the path of development with the hope that they will appreciate in value as the development moves your way. Commercial real estate development is where you take raw land and re-imagine what could be constructed on that property.

How to fix and flip a commercial property?

Just like it sounds, fix & flip in commercial real estate investing is the same as it is in residential where you buy a property, make any necessary repairs and upgrades, and then resell it.

Is the conveyancing process the same when buying a commercial property?

The conveyancing process differs depending on whether you are the buyer or seller. If you’re selling commercial property, read our guide here. The conveyancing process is generally the same, no matter whether you’re making a freehold or leasehold purchase. Read on to learn more about the conveyancing process when buying commercial property.

When to make an offer on a commercial property?

When you find a property you want to purchase, it’s time to make an offer. Your commercial real estate agent will generally help you write up your offer to purchase, but it’s wise to have your attorney review it for good measure before you sign and submit it.

How to buy commercial property in 7 steps?

How To Buy Commercial Property In 7 Steps 1. Ask Yourself Why You Are Investing 2. Consider Your Investing Options 3. Secure Financing 4. Align Yourself With The Right People 5. Find A Property That Meets Your Criteria 6. Mind Due Diligence 7. Close The Deal

Just like it sounds, fix & flip in commercial real estate investing is the same as it is in residential where you buy a property, make any necessary repairs and upgrades, and then resell it.

When do you choose a commercial property type?

Ok, so after you’ve educated yourself on commercial real estate investing, it’s time to choose a property type. And the reason that I recommend you choose your property type after you’ve educated yourself on commercial real estate, is that you don’t necessarily know which property type will be right for you before you get started.

When to do due diligence on a commercial property?

Due diligence can occur prior to or after signing the purchase and sale contract. However, if it occurs prior to contract signing, a seller will typically require some form of confidentiality or early access agreement. A typical due diligence period for a commercial property is between 30 and 60 days.