Commercial property scouting is growing everyday in America. More and more people are catching the bug and finding out what commercial Real Estate is all about.
What do you when you think you have found a good deal? Call your broker? Call your friend? Call you rich uncle?
How do you know if you have found a good deal? Just because the broker says it is a screaming deal, does not mean it is a deal! Or just because your friend knows a friend who knows this property is a great deal and it sounds good. Does not mean it is good!
What are all the things you need to know about evaluating a property? How did they set the price for the land or building? What method did they use? Where they get the comparable sales? Do they even have comparable sales?
Lots to know, huh? Do you think educating yourself might help you find a real deal??
As anything in life, you get what you pay for. So why not learn from the best. There is an
association that is dedicated to helping people learn how to look for property. Also you have the opportunity to participate in the purchase if you chose.
The association is The National Association of Commercial Real Estate Property Scouts, NACREPS for short. They can be found on the web at http://www.nacreps.org/
Check them out. They are for real and are worth checking out. How do I know? I learned scouting the hard way. NACREPS makes it a whole lot easier. They are there to help you succeed.
Until next time.
Ted
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment