The initial step for purchasing commercial real estate property is full knowledge of what you are purchasing. Any real property, excluding a property with one to five dwelling units used for residential use, is termed as commercial real estate. The term ‘commercial real estate’ comprises of properties used for commercial, industrial, educational or medical purposes and properties with four or more units used for residential uses. If you are not well-versed in the real estate business, purchasing commercial real estate can become very difficult. One should not try to buy it by himself or herself and instead seek the advice of professionals who can help you through the ways of finding the perfect property, taking care of the estate paperwork and closing the deal. Investing in real estate is as attractive and as advantageous as investing in the stock market.
A professional commercial real estate broker undergoes special training in order to learn how to handle transactions of commercial real estate which are very different from regular real estate transactions. A skilled and expert commercial real estate developer like Eugene Bernshtam who is the Head of Avalon Holdings, LLC can also give you various information of prime commercial real estate that is for sale. Private and institutional and investors often sell off parts of their commercial property portfolios without telling anyone, and a commercial property broker can let you in on this secret insider information.
Real estate investment will not take out all your dynamism until you are foresighted and prepared to take the adventure in full swing. You can save a lot of time if you are observant enough to know the techniques of making a prudent investment in the right time and when there are good market environments prevailing at that point of time.
You should be willing to time yourself. Take some time out, and do the market study. Initiate small ventures that involve buying a property, negotiating real estate deals, managing it and then retailing it off. Calculate the time devoted in your real estate negotiation. If the time was less than the prime time, you have done it right. And if you culminate in investing more time, then you need to work it out again and make some real rectification for accomplishing next deals. You have various methodologies and ways, called the Real Estate Strategies that can make it happen for you in an accurate manner.
Eugene Bernshtam currently leads the multifamily and commercial real estate firm Avalon Holdings, LLC and its affiliate entities, which specialize in the development, investment, management, repositioning consulting services and underperforming real estate assets. His creativity lies in the execution of the most complex transactions and his unique solutions and advice to his clients.
Avalon Holdings, LLC’s solid foundation makes it one of the most well-known and trusted names in commercial real estate. Its integrated work platform includes capital markets, leasing advisory, global corporate services, investment sales and, consulting, project and program management, facilities and property management, and valuation services.