One of the things which really can catapult your success investing in apartments and commercial property is working with the ideal commercial broker. Finding a wonderful deal is truly all about the numbers, and receiving more bargains across your desk. Working with the ideal commercial broker won't only save you time, but make you plenty of money by getting chances facing you. This is one of the things we value most at Commercial Realty Services of Long Island Inc.
So the question is, "How do you discover the ideal commercial broker?"
I will "bottom line" this for you and make it simple. Ensure that you find a broker that does nothing but investment property and specializes in it. Don't use a broker that's a "jack of all trades," meaning moving from an open house on a Sunday to chatting with you about the 320 unit property on Monday.
You need someone that does nothing but spends time in the investment property world.
The technical knowledge that a commercial agent has will have the ability to get you more GOOD chances to examine and since they understand the market will have the ability to identify properties that could be very profitable.
A good agent can also help you in developing ways to buy the property where you're making money at the final table too. Plus they can help you avoid some of the common investment mistakes, also.
This, more than any other of my "rules" is violated, and the investors that do violate this many times pay for it too. Make sure that you are not one of them.