5 Ways to Choose Commercial Investment Property with Confidence
Spending your hard-earned cash on a commercial investment property for sale in Woodbridge, VA, can be scary. This is especially true if you are new to real estate investing. But it’s equally true for old hands in the field, who often confess to bad dreams about how things will work out in the long run.
You’ve probably seen the many math formulas in books about commercial investing. It’s true these can help by focusing your attention on things that can be measured. But the real truth, according to the real estate pros at Boosalis Properties, is that investing successfully is more of an art than a science.
Over time, most experienced investors say they get a “feel” when the property is good. But how do you know when you’re getting a genuine sixth sense about a property? What if it’s just hopeful optimism and your mind playing tricks? Here are 5 ways to get up to speed in the complicated world of commercial investment.
#1. Get Expert Guidance
Professionals in the field say experience is the best teacher. And you get the best experience when you rely on expert guidance, especially when you are new to looking at commercial investment property for sale in Woodbridge, VA.
That’s why so many investors depend on the expertise of the team at Boosalis Properties. We have been helping investors make the most of their money since 1978. That’s four decades of practical hands-on knowledge about the local real estate market.
The Boosalis team has developed a wide network of relationships with brokers, landlords, contractors, financial people, investors and local service companies. We can tap into this deep and broad pool of knowledge to help you choose a property that meets your investment goals and your income.
#2. Learn to Do Your Own Research
You can hire people to find commercial investment property for sale in Woodbridge, VA, for you. But it is much more effective to learn how to conduct your own research. One of the best ways to figure out where to look is to team up with experts, like Boosalis.
We use industry-specific databases that are constantly updated. And we also constantly check within our network to find out which properties are just coming onto the market, which have been pulled, and which have been bought or leased.
When you watch and learn from the experts on our team, you are seeing the most efficient methods for locating prime investment property. It makes sense to tap into our experience and contacts.
Even better, learn how we do it and set up your own. Then in the future, continue to use our resources and supplement them with your own. That type of leveraging is the sign of an expert investor.
#3. Develop Your Own Network
It is wise to cultivate the friendship of local realtors for your network. But spread your net wider. Use the Boosalis advantage, its large network of people involved in real estate in a variety of roles.
Learn to locate motivated sellers on your own. This might be through ads, other investors, and among your friends, neighbors and family.
The important concept here is to stay active and develop relationships with a diverse group of people. Let them know you are interested in commercial investment property. It’s a great way to get the inside scoop before your competitors do.
#4. Form a Team
You can’t go it alone when it comes to real estate investment. You need access to expert advice. That’s why so many investors choose to work with Boosalis Properties. With over 40 years of experience, we have access to professionals in all phases of commercial real estate investment, including:
- Local service companies
- Financial partners
- Legal professionals
- Lease negotiators
You’ll always need an attorney and accountant on your team. Find people you can communicate with easily and who respond quickly when you have questions.
You can actually simplify the process by choosing the experts at Boosalis Properties as partners. We offer concierge real estate services, from finding the perfect property to negotiating the best price, financing it and getting a contract with the terms you want.
#5. Learn About Financing
You need an accountant when you put together a portfolio of commercial investment property for sale in Woodbridge, VA. But you also need to learn the terms and methods for financing properties.
Dive in to learn about estimating repairs, maintenance, mortgages, credit, escrow, insurance and closing costs. The more you know, the safer your money will be and the better your prospects for a successful investment. You’ll be able to spot more properties at below retail market value and make a profit.
If you have questions, check with the professionals at Boosalis Properties. We work closely with each investor, explaining each stage of the property selection process, negotiations and financing. The pros on the Boosalis staff are savvy, and use industry best practices to get you the best deal possible, ethically and professionally.
The goal of each member of the team here at Boosalis is to provide you with the highest quality real estate services. We want you to find the investment that works best for your purposes, and deliver it hassle free. Whatever your investment goals, Boosalis can help.
Call Boosalis Properties today for more information about commercial investment property for sale in Woodbridge, VA.