In today’s market, commercial real estate isn’t what it used to be. With the economy changing and more and more businesses resorting to online methods, we see a shift in commercial real estate. While some may believe commercial is dead, that most certainly is not the case.
More and more, we are seeing distressed commercial properties because a lot of owners are becoming tired landlords in the commercial space and that means there is a great opportunity for investors to come in and change the dynamic.
Commercial real estate brokers can connect you with distressed sellers and properties for sale. They have the licenses to get you the information you need.
Community banks, mortgage brokers and other types of lending institutions may be able to connect you to a hard money or private money lender. A lot of the private money and hard money lenders have commercial properties or are in a network of people who have commercial properties.
There are several commercial real estate investing sites, but a big one is Loopnet.com—that’s where you’ll be able to narrow your search and filter out what you’re looking for.
Don’t ever underestimate the value of a good mail or email campaign. If you have a network of people already, an eblast can work wonders. If you don’t, then once you identify distressed properties for sale online that you have interest in, target your listings through a direct mail campaign. REI Blackbook is a great resource to create that campaign.
Big picture takeaway points
Self-reflection questions to think more about the content
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