We have been growing our portfolio of investment homes since 2005. We enjoy helping our clients to find properties to add to their portfolio as well. The market is tighter than ever and good rental homes are a bit harder to find. You have to be prepared to do some major rehab (HGTV style) in order to get the value that you need to make a "good sense" real estate deal. We ran across this article recently that is a good introduction to what you need to think about in order to be successful on your first rental property. Here is the link:
If you decide that you would like to start investing in rental property we would love to sit down with you and tell you the in's and the out's and help you put a plan together. Give us a call!
Recently we were asked to help out a potential client with their lease. After a bit of investigation, we found out that their current lease was up in four short months. YIKES.
The lead time in commercial real estate is somewhere between seven months to a full year if you are looking for a smaller location. If the location that you seek is greater than say 12,000 square feet, you need to really have up to a year or more to complete the deal.
Why you might ask? There are many steps to the process of moving your business. But here is our thought process of the order of operations:
If you or someone you know is looking to move their business in the future (hopefully 7 to 12 to 18 months from now), send them our way. We would love the referral.
Here is a summary of our preliminary advice during a recent consultation with one of our investors. This investor wanted to move into commercial property and was specifically targeting a retail deal.
It's easy to make a few mistakes when you hire contractors for your special projects, but boy those mistakes can cost you time and money, especially when your business is on the line. We thought this was some very good advice on hiring contractors. We like to track all changes that are made and make 100% sure that they are included in the contract. You just don't want to get into a "he said, she said" situation, that will lead to communication break down. Enjoy!