• Beginners Guide to Finding the Right Commercial Broker Team Beginners Guide to Finding the Right Commercial Broker Team

    0 comments / Posted on by Rosemary Rivera

    Beginners Guide to Finding the Right Commercial Broker Team

    Choosing the right broker

    Commercial real estate is a multi-faceted business, and has several distinct income streams. There’s sales and management, and there is also leasing. The leasing process is a great way to start to build your CRE business and learn the nuts and bolts of commercial real estate.  Starting out with a 10 Unit Multi-family commercial property is not such a bad idea at first, especially since you are just getting your feet wet.  Jumping into a larger project in the beginning is not something I suggest especially if you are brand new to the game.  Due diligence is a top priority so stay the course! Finding the right broker/agent to find and list your rental property is key.

    Leasing is the building block of investment properties

    Learning how the lease affects the property’s financial picture, through the base rent and annual rent increases, the term of the lease, renewal options, operating costs pass-throughs, signage rights, expansion options, termination rights, parking requirements and numerous other property rights that affect the value, purchase and sale of a property.  As you can see, it's not all about the amount of rent to be collected each month, there are so many different variables to consider.  Studying how the lease affects the property's financial future is so much more important than the initial number!  Working with the right commercial broker and his team of leasing agents is essential to the success of your first endeavor.  Down the road, you will be using a property manager...

    Choosing the right broker

    Commercial real estate is a multi-faceted business, and has several distinct income streams. There’s sales and management, and there is also leasing. The leasing process is a great way to start to build your CRE business and learn the nuts and bolts of commercial real estate.  Starting out with a 10 Unit Multi-family commercial property is not such a bad idea at first, especially since you are just getting your feet wet.  Jumping into a larger project in the beginning is not something I suggest especially if you are brand new to the game.  Due diligence is a top priority so stay the course! Finding the right broker/agent to find and list your rental property is key.

    Leasing is the building block of investment properties

    Learning how the lease affects the property’s financial picture, through the base rent and annual rent increases, the term of the lease, renewal options, operating costs pass-throughs, signage rights, expansion options, termination rights, parking requirements and numerous other property rights that affect the value, purchase and sale of a property.  As you can see, it's not all about the amount of rent to be collected each month, there are so many different variables to consider.  Studying how the lease affects the property's financial future is so much more important than the initial number!  Working with the right commercial broker and his team of leasing agents is essential to the success of your first endeavor.  Down the road, you will be using a property manager...

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  • How Leaving My Job Changed My Life and Allowed Me to Become a Full Time Real Estate Investor How Leaving My Job Changed My Life and Allowed Me to Become a Full Time Real Estate Investor

    1 comment / Posted on by Rosemary Rivera

    How Leaving My Job Changed My Life and Allowed Me to Become a Full Time Real Estate Investor

    At 4pm on Friday, November 2nd, I turned off my company PC and let out a big sigh of relief. Six months prior I had been told that the company I worked for was closing down.  At first I was frantically trying to find a similar job in the Health Insurance field until my son asked that I come along for the "Revival" ride. After working 18 years at a 40 hour per week, W2 job, my last day had finally come. I was now unemployed…sort of.

    First I became a  licensed real estate agent in the State of New York and the focus was single family acquisitions for "Revival Property Group".  Needless to say, life had gotten a bit crazy. Being around other like-minded investors and entrepreneurs, helped me decide to transition from being a 10% entrepreneur to being one full time. We all have to start from the beginning.  It's a learning curve when you've always been a robot to the corporate world. Here are some things that losing my job and taking a leap of faith with my son allowed me to focus on, and in turn become a full time Real Estate Investor:

    Think: Henry Ford said, “Thinking is the hardest work there is, which is probably the reason why so few engage in it.” He wasn’t lying. When I was working two full time jobs, one as a waitress and another as a real estate agent, I was so busy running around and reacting that...

    At 4pm on Friday, November 2nd, I turned off my company PC and let out a big sigh of relief. Six months prior I had been told that the company I worked for was closing down.  At first I was frantically trying to find a similar job in the Health Insurance field until my son asked that I come along for the "Revival" ride. After working 18 years at a 40 hour per week, W2 job, my last day had finally come. I was now unemployed…sort of.

    First I became a  licensed real estate agent in the State of New York and the focus was single family acquisitions for "Revival Property Group".  Needless to say, life had gotten a bit crazy. Being around other like-minded investors and entrepreneurs, helped me decide to transition from being a 10% entrepreneur to being one full time. We all have to start from the beginning.  It's a learning curve when you've always been a robot to the corporate world. Here are some things that losing my job and taking a leap of faith with my son allowed me to focus on, and in turn become a full time Real Estate Investor:

    Think: Henry Ford said, “Thinking is the hardest work there is, which is probably the reason why so few engage in it.” He wasn’t lying. When I was working two full time jobs, one as a waitress and another as a real estate agent, I was so busy running around and reacting that...

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  • Key Terms Used in Commercial Real Estate Key Terms Used in Commercial Real Estate

    0 comments / Posted on by Steven Rivera

    Key Terms Used in Commercial Real Estate

    Regardless of industry, most professionals use special terminology to communicate with one another. Pilots, engineers, scientists, farmers, accountants and commercial real estate investors all have to understand the language associated with their profession — and it can get confusing.
    If you're new to commercial real estate, these 13 key terms to help you in becoming a pro when it comes to the lingo.

    1. Letter of Intent (LOI)

    A letter of intent is an agreement(s) between two or more parties before an actual agreement, such as a lease, is finalized. It is similar to a term sheet or memorandum of understanding (MOU). While LOIs may not be binding, provisions of them can be, e.g., non-disclosure and exclusivity. The intent is to protect both parties in the transaction until the transaction is executed. This is "The Letter" you will be sending out when you are ready to go full force into the Commercial Real Estate Investment scene.

    2. Build-to-suit
    A building is designed and tailored for a specific tenant, often because the tenant is unable to find suitable space in the speculative market. Sometimes (but not always), a build-to-suit project includes specific design features not commonly found in the speculative market, thus compelling the tenant to have a special facility built. The build-to-suit project is usually contracted with a developer who owns and operates the completed facility occupied
    by the tenant. Generally, a build-to-suit project becomes a single-tenant building upon completion.

    3. Direct Vacancy Rate
    The total amount of physically vacant space divided by the...

    Regardless of industry, most professionals use special terminology to communicate with one another. Pilots, engineers, scientists, farmers, accountants and commercial real estate investors all have to understand the language associated with their profession — and it can get confusing.
    If you're new to commercial real estate, these 13 key terms to help you in becoming a pro when it comes to the lingo.

    1. Letter of Intent (LOI)

    A letter of intent is an agreement(s) between two or more parties before an actual agreement, such as a lease, is finalized. It is similar to a term sheet or memorandum of understanding (MOU). While LOIs may not be binding, provisions of them can be, e.g., non-disclosure and exclusivity. The intent is to protect both parties in the transaction until the transaction is executed. This is "The Letter" you will be sending out when you are ready to go full force into the Commercial Real Estate Investment scene.

    2. Build-to-suit
    A building is designed and tailored for a specific tenant, often because the tenant is unable to find suitable space in the speculative market. Sometimes (but not always), a build-to-suit project includes specific design features not commonly found in the speculative market, thus compelling the tenant to have a special facility built. The build-to-suit project is usually contracted with a developer who owns and operates the completed facility occupied
    by the tenant. Generally, a build-to-suit project becomes a single-tenant building upon completion.

    3. Direct Vacancy Rate
    The total amount of physically vacant space divided by the...

    Read more

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