Buyers agent for commercial property

Viewing 11 posts - 1 through 11 (of 11 total)

Maalamaal
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@maalamaal
Join Date: 2016
Post Count: 8
May 5, 2016 - 10:30 am
Hi I am newbie here to this forum and also to commercial property investment.
Was just wondering how I can find the right commercial deals to buy with good return?
Do we have any buyers agents who will show us the right commercial property deals? – we do see a lot of them for residential properties.
Where do I look for the commercia properties?
I am looking at realcommercial and cannot find anything real good.
Any advise or leads is much appreciated.
FredWisley
Participant
@fredwisley
Join Date: 2016
Post Count: 12
May 27, 2016 - 5:21 pm
Hi!
Start from research, you need to get a general understanding. There are different types of commercial properties: buy-to-let apartments, student accomodations, high street retail, offices, supermarkets, retirement homes, shopping centres and motels.Look at this article https://tranio.com/traniopedia/tips/property_investment_strategies/ it will help you to realise your options in terms of your budget and expectations about yields. Pay particular attention to risks and liquidity (it shows how fast you can sell your property without discount)
- This reply was modified 8 years, 5 months ago by FredWisley.
Corey Batt
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@cjaysa
Join Date: 2012
Post Count: 1,010
May 27, 2016 - 8:00 pm
There are buyers agents who source commercial properties for buyers – I’ve worked with David Mews from REvaluate who assists investors source commercial property for investment, SMSF etc. http://www.adelaideba.com.au/#!commercial/ctzx
Compared to residential property, commercial is quite specialised and the average investor will generally not have the same laymans knowledge which is needed to ensure good decisions are made – so using a BA can be a very valuable choice.
- This reply was modified 8 years, 5 months ago by Corey Batt.
Corey Batt | Precision Funding
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Maalamaal
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@maalamaal
Join Date: 2016
Post Count: 8
May 28, 2016 - 9:17 pm
Thanks Corey and Fred.
I was looking at suburb Lavington for cheap commercial investments.
they were all very tempting but did not understand how every CIP can be so profitable.
Any ideas or suggestions?
Nigel Kibel
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@nigel-kibel
Join Date: 2005
Post Count: 1,425
May 29, 2016 - 1:17 pm
Have you considered commercial property in the United States. Its easier there to get finance on commercial than it is residential. If you are looking in Australia to buy quality commercial is expensive stay away from cheap properties like warehouses and factories as often they are the first properties to lose tenants in any downturn. Without tenants what are these properties worth?
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Maalamaal
Participant
@maalamaal
Join Date: 2016
Post Count: 8
May 30, 2016 - 8:09 am
Never thought abt commercial investing in US.
How does that work?
FredWisley
Participant
@fredwisley
Join Date: 2016
Post Count: 12
May 30, 2016 - 5:02 pm
Request this company https://tranio.com/,it will help you to select appropriate variants (anyway the consultation is for free)
Nigel Kibel
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@nigel-kibel
Join Date: 2005
Post Count: 1,425
May 31, 2016 - 3:56 pm
Buying commercial property in the US is easier than residential. In many cases you can still get non recourse finance. That is where the loan is taken against the property rather than the people taking out the loan. However we have just bought a 26 unit complex for 1.3 million nd you can by a 6 unit complex for around $350,000 to $400, 000 with returns of around 8 or 9 % net. happy to discuss
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fxdaemon
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@fxdaemon
Join Date: 2013
Post Count: 114
May 31, 2016 - 5:35 pm
Nigel Kibel wrote:
Buying commercial property in the US is easier than residential. In many cases you can still get non recourse finance. That is where the loan is taken against the property rather than the people taking out the loan. However we have just bought a 26 unit complex for 1.3 million nd you can by a 6 unit complex for around $350,000 to $400, 000 with returns of around 8 or 9 % net. happy to discuss
Hi Nigel
Do deals with above performance still available? Where or who I can enquire more about them?
Do you hedge your forex risk?
Thanks
FXD
Nigel Kibel
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@nigel-kibel
Join Date: 2005
Post Count: 1,425
June 1, 2016 - 8:41 am
Yes they are
The 26 unit apartment complex was closed about 5 weeks ago
Smaller properties are available. It is always important to do your research carefully. However I have people who can source these deals from the banks and other sources.
Nigel Kibel | Property Know How
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Scott No Mates
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@scott-no-mates
Join Date: 2005
Post Count: 3,856
June 26, 2016 - 8:09 pm
Return is related to risk (on many levels). Some are: finding a replacement tenant (time, quality etc), competition, functional obsolescence, zoning pressure.
I recently completed a lease renewal for a regional commercial property where the rent dropped 10% – so all is not rosy in this market. The lessor was more concerned with continuity of the cashflow rather than the rate.