Are you looking to buy a multi-family asset in the next three years? All these different things are going to play into your experience as an owner. If you’re not comfortable taking those risks, take a step back and reconsider investing in real estate.
What are the three top questions I get asked by investors every single day?
So timing is everything. You want to make sure that you are able to maximize on your ROI in that transaction so taking the right time, doing the right steps to get into commercial property investment are going to be critical for you to succeed.
Whether you are a property owner looking to augment your portfolio or if you’re a tenant looking for a retail space, we’re the people you should call. We try to be on top of things, know where the new things are coming up in the city, and stay ahead of the curve, so that you are always maximizing on your return.
What are the things that you should be prepared with if you are looking to lease a commercial property for your business?
So is there optimism in commercial real estate in New York? I think so.
Well in the market, people are a bit concerned. Are we in a recession? Are we going into a deep recession? Are we going towards a depression? All these words are thrown out on TV, on the news, and in different mediums, but what does that mean to you as a commercial real estate investor?
So in my last video, I talked a little bit about zoning. However, one thing we haven’t talked about is air rights.
In New York City, that can be one of the most valuable things an owner has in their property.
We all see it online, every single day. There is someone telling us how much more money we can make off of real estate by doing all kinds of crazy things. Save yourself the headache. Ignore all the get-rich-quick schemes. They’re just going to cost you money in the long run.
So commercial leases come in various forms. Some are modified gross leases.
So if you are a tenant, and you’re going into a relationship or a lease with an owner, please be sure to talk to your broker about what is the type of lease the owners offer – is it modified gross, is it a gross lease, is it a percentage lease or a triple net lease?
Time kills deals. Why? Mostly because you lose momentum.
So if you’re working on a transaction and or you’re thinking about buying a commercial asset or selling your commercial asset, timing is everything.
So as we’re talking about investing in real estate, what are my tips to scale safely in this game?