Commerical Real Estate What To Do Right Now
Topics: commerical real estate
Don’t be influenced by another offer coming in on the property, because as I’ve said the majority of the time, that other offer for whatever reason will not be as competitive as yours and will not work out. Time and time again I’ve seen this tactic used and most of the time it’s been sincere. Most of the time when there’s multiple offers on the properties, there really are multiple offers, with more than one investor interested. Once in awhile I’ve seen it done in a shady way.
I’ve seen offers being generated that had no hopes in going through, which is the intent of getting another investor’s price up. This is wrong and is against the law. Unfortunately it is done once in awhile. So, whatever you do, make sure you stay the course and don’t be influenced by the other offer, keep negotiating, and working on it, etc., just as you originally thought you would, because the majority of the time, it won’t work out.
Whatever you do, you need to work with someone who has track record in specializing in apartment properties; they have a documented track record, they are known in the marketplace as the specialist. How do you find them? You simply ask around. Talk to other apartment property owners, talk to people at the local landlord’s association, talk with other brokers, call the offices and basically say, “Who in your office specializes in selling apartment buildings?” 99% of the time there will be one or two names that come across most of the time. Those will be the one or two people that you will want to work with and build a relationship with. You see forging a bond with those people will make you literally thousands of dollars much quickly and will build your net worth at lightning speed versus using someone that doesn’t know what they’re doing.
Let’s think about it, you’re really hiring these people to help you make money, you’re hiring these people to work for you to build your net worth, to give you cash flow, to give you peace of mind. You’ve got to think very hard and seriously about this. These people, if chosen right, can help you build it much quicker and bottom line, help you avoid the mistakes that so many people make.
Put it this way, the marketplace is littered with people that have made mistakes and think commercial investor real estate sucks. It sucks because it never worked, it didn’t work out for them, they had a bad experience, etc. But you know what? 95% of the reason it didn’t work out for them can be traced back to the people they worked with originally to buy the property. If they would’ve worked with the right person, I guarantee the majority of the time, they would love commercial investment real estate and it would be a large part of their lives. So whatever you do, do not make this mistake.
Special offer to help you make it in the commercial real estate world right now. commercialprofitblueprint.com Donner
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