Know About Commercial Foreclosure For Sale

Purchase of commercial foreclosures is far more beneficial and advantageous than some personal property foreclosure, as commercial foreclosure is inclusive of rock bottom prices, sky rocketing income, extremely beneficial investment and a lot more. If some extra land is needed for your immensely growing business then the best purchase can pop out from a proper research of commercial foreclosures.

You are actually not renting a place for your expanding business but buying some worthy business asset and property which will be surely a benefit once the market goes up, and market will definitely go sky high at last. Presently, commercial foreclosures are unbelievably cheap and they will hundred percent increase their value and worth soon. Now, this is understood that as soon as their value increases you initial investment of a commercial foreclosure also increase, thus making an amazing profitable situation. Therefore, if you sell your assets after a few years or months when the prices are raised you will be getting a lot of money.

One more reason commercial foreclosures are profitable and better is that if you take them then even if they are not used by your own business these can be rented and you can earn a lot of money again with out actually losing your property. The assets remain safe and the money is coming. You can also increase the rent of these commercial plots if your business is not doing well enough and you need to settle certain financial matters.

At this very moment the commercial foreclosures are as cheap as fifty percent of their original costs. The main reason behind this cheap sale is a lot of abandoned business buildings are a burden for banks and they want to erase them from their records. Their cheap sale of commercial foreclosures give you a golden chance to get something much precious than what you are paying for it and is the best investment as can be sold any time.

This, for sure, is the best time; you can think wisely and decide smartly while expanding your business. You can get place for your business in a very minimal cost which is much profitable than the initial investment. Not only that, but the asset can also be used for a certain amount of monthly income if you rent it. Great business tycoons always think smart and make right decisions at the very right moment to take their company or business to sky rocketing success.

Government Repo Auctions For Cheap Seized Cars and Property For Sale

If you’ve never heard of or attended government repo auctions then you don’t know what you are missing. There are deals to be had on repossessed and seized cars and real estate at one of these free public auctions that can’t be beat anywhere. If you 18 years of age or older and have a valid drivers license or ID you can participate in one of these money saving events.

There are two types of items you will find at a government repo auction; repossessed and seized properties obtained through criminal investigations and prosecutions, and defaults on loans or owed back taxes. The government uses these auctions to save money on storage costs for the large amounts of properties they seize each and every month. They also are able to recoup much of the administrative costs associated with processing these goods saving the tax payers hard earned money.

Because the government is not interested in making a profit but simply wants to cover their costs the starting bids at these auctions are usually very low. If you research your choices before hand there is a good chance you can save big on whatever you choose to bid on.

Here’s what you’ll find at one of these free government auctions:

1. All makes and models of vehicles. You will find cars, trucks, SUVs, RVs, and motorcycles at well below market value. Many of these vehicles are less then a year old and are in excellent condition. Most of the seized vehicles are a result of law enforcement arrests and prosecutions which means in many cases they are high end vehicles. Being able to score a luxury sedan, sports car, or tricked out SUV for less then Blue Book value is one of the big draws of these auctions.

2. All types of real estate that includes single family homes, luxury vacation homes, and businesses with all the equipment, commercial property, and undeveloped land. For those who are looking to use real estate as an investment tool a government property auction can be a great place to start.

Participating online is also an option in the internet age. The internet auction sites provide updated listings of when and where these auctions are taking place along with updated listings of all the items that can be bid on. This gives you the chance to do the necessary research before hand which can help you decide what things are worth and what type of bid package you are comfortable with.

Commercial Property Realtors – How to Review Lease Documentation When Listing a Property for Sale

When you as a commercial real estate agent inspect commercial or retail investment property, it is important to get to all the right facts about the leases before you form an opinion regards price, rent, or methods of marketing.

The leases of an investment property will have an impact on the sale or lease process. The leases may also need addressing in one form or another before you list the property and take it to the market.

Here are some of the main things to question and look at:

  1. The tenancy schedule that you are given for the property may be wrong in some detail. So many property managers and or landlords do not keep the tenancy schedules up to date; it’s a common problem. If you are given a tenancy schedule and feel that the facts are relevant to your marketing, prices, or rent recommendations, then ask if you can see a copy of the leases as well.
  2. Check out all the current rents that are charged on the rent invoices to see if they tally with the conditions of the current leases. It is not unusual for some rent reviews or outgoings charges to be overlooked or to be incorrectly charged.
  3. Are there any lease incentives current with the tenants that impact the property cash flow? If this is the case, find out when the incentives expire; you may need to consider paying out the incentives at time of sale or settlement to ensure that you get a good property enquiry in the marketing campaign.
  4. The permitted use of the leased areas should comply with the description on the lease or leases. It pays to inspect the premises to ensure compliance here by all the tenants.
  5. Review all leases in detail, looking at the terms and conditions to see if any weaknesses or advantages are apparent. The buyers to a property will do the same as part of their due diligence assessment.
  6. What is the tenant mix in the property today and how does it work? In retail properties this will be a large fact in property performance and operational strategy.
  7. The Landlords outgoings for the property can be partially or totally recoverable tenants depending on the terms and conditions of each lease. On this basis it is important to read the leases before you talk about price, marketing, or rent. The net income for the property will have bearing on the asking price.
  8. The levels of supply and demand for space and buildings in the local area will be a factor that can be tracked. Oversupply will mean lower prices and rents; in such a market lease incentives are very relevant. Undersupply will mean better (higher) prices and rents for the landlords to seek. The only way you can track this is to monitor listings and sales in the area with all the agents, and all new property developments or approvals coming up.
  9. Understand what the market rents and sale prices are doing in the local area. Are they trending up or down? What levels of property enquiry are coming in today and where from?

These facts will help you with your property inspections and lease reviews. Ask the questions and keep notes of the responses and findings.