How to Build Your Empire in Commercial Estate Tim Marais

1. How To Build Your Empire In Commercial Estate Tim Marais Commercial Estate (known as commercial real estate, income property or investment) alludes to buildings or land planned to generate a profit, or from gainer rental income. Commercial property includes office buildings, industrial property, medical building, farm land, hotels, malls, retail stores, multifamily housing buildings, warehouses, and garages. In lots of states, residential property having more than a definite number of units qualifies as commercial property for borrowing and tax purposes. Various Types of Commercial Estate: Office Buildings– This group includes single-tenant properties, small professional office buildings, downtown skyscrapers and so on .

2. Industrial– This group ranges from smallest properties to largest office service or office warehouse properties to the massive large industrial properties Retail/Restaurant–This class includes pad sites on highway frontages, single tenant retail buildings etc Multifamily–This kind of property includes apartment complexes or high-rise apartment buildings. In general, anything larger than a fourplex is considered commercial real estate. Land–This class includes investment properties on undeveloped, raw, rural land in the path of future development. Or, infill property with an urban area, pad sites, and more. Miscellaneous–It include all class would include any other nonresidential properties such as hotel, medical, hospitality, and self-storage developments, and many more. Rules of Commercial Real Estate Investing: Location: In commercial estate location is everything. Commercial properties present returns through two avenues - rent and capital approval. Demand vs. Supply: Demand and supply is the first things an investor has to analyze before committing to buying a commercial property. Quality of tenant: A good tenant can extensively increase the value of a commercial property. Looks for multinational tenants and avoid smaller and unknown companies. Good tenants pay rents on time, pay high deposits, stay longer and it will increase the value of the property. Interior fit outs: In a commercial estate as an investor you should always ask who has done the interior fit outs and designing in the property. The resident needs to do the flooring, ceiling, air conditioning, wiring and the interior cabins, conference rooms etc. For More: Tim Marais Tim Marais