Is Commercial Real Estate Investing For You?

The two major issues that stop investors from pursuing commercial real estate deals are no time and no money. In my experience, I've started off with practically none of these resources available to me, but as I broke these barriers my investing career started to flourish and I became a millionaire in under four years. You can sure bet that I'm glad I got started and once you start seeing results, I know you'll feel the same way too.

There are many real estate gurus who will tell you that you need to commit many hours per week in order to get your real estate business off the ground. Lots of time commitment with no pay off is a quick path to failure. Why? It's hard to stay committed enough as it is and if you start to feel like you're spinning your wheels and not getting anywhere, it becomes easier to say that investing is not working out especially when you've got other commitments and priorities you'd rather be doing.

While you do need to invest some time in moving forward, it's not as much as you think it is. Start with doing something you can do regularly and stick with it until you see results. Now you do need to be doing something that generates a deal like calling property leads or doing direct mail and as you start to see results, it'll be much easier to commit more time to finding other deals.

The second most common reason investors don't pursue commercial real estate investing is that they believe they don't have the money to do so. I started in real estate having less than $800 but the one thing I learned was that the better the deal was, the less people focused on me and the more they focused on the deal.

There are multiple financing sources available. You just have to learn how to access them. Your lender will give what it can and the rest will be made up with money partners. You may be thinking that you don't have great credit or that you don't know anyone who would want to invest with you but the key is to be open to finding other options. Remember if the deal is good enough, people will want in on it.

With all that being said, there are a few other qualities that can make or break a successful real estate investor.

1) Willingness to learn - successful investors take the time to learn about properties and their market conditions. They take the time to find out better ways of structuring deals to increase their profitability. They make mistakes. They learn and they move on making sure to not make the same mistake twice.

2) Able to move past psychological barriers - successful investors have a "can do" attitude. They are solution oriented and don't stop dead in their tracks because they don't have an answer to a problem they face.

3) Are people oriented - real estate is a relationship business. A successful business is one that has a network of contacts and experts who are used regularly to create more and more profits. That means we act with integrity and we make it easy for people to want to do business with us.

Commercial real estate investing is for anyone who is willing to do something in order to reach their financial goals. Whatever you don't have, you can obtain with the right attitude and the right system in place.

To learn more about real estate investing.

David Lindahl, also known as the "Apartment King" has been successfully investing in single-family homes and apartments for the last 14 years and currently owns over 7,400 units around the US. David regularly shares his secrets and experience on the same stage as Tony Robbins, Robert Kiyosaki, and Donald Trump! To get your free report on HOW TO AVOID THE 23 MOST COSTLY MISTAKES THAT REAL ESTATE INVESTORS MAKE AND HOW TO AVOID THEM Click on http://www.ReMentor.com/report_23mistakes.shtml

Article Source: http://EzineArticles.com/?expert=Dave_Lindahl

3 Steps to Take Before You Purchase Commercial Real Estate

The purchase of commercial real estate can be a complex and tedious process, and can require a considerable amount of your time. When you add to that the stress that comes along with establishing a new company or relocating an existing corporation to a less familiar location, disaster could be on the horizon.

The good news is the process doesn't have to be difficult or stressful for you, your customers or employees. You can set the foundation for a thorough, less stressful commercial acquisition process.

Here are 3 steps to take before you purchase any commercial real estate:

1. Set a Budget

As with any property acquisition, an essential early step in the process is setting a budget. How much you can afford will play a significant role in determining the location and type of commercial property you can acquire. If you take time to set a budget early on, even if it's only a range and not an exact figure, you will save yourself a great deal of time and effort.

2. Determine the Type of Property you Need

There is no shortage of available real estate (residential or commercial) in South Florida. In this economy, you may be able to acquire commercial property at a fraction of its value. You'll just need to find the "right" piece of real estate (retail, warehouse, office space or raw land) for your corporation.

3. Pick a Location

The location you choose for your corporation's home will be an essential component of its success. When researching locations that may be a good fit for your company, consider your target audience and the products and services you offer. With regards to each potential location, ask yourself:

o Is this location suitable for my business?
o Will this location be convenient for my customers?

Your decision to purchase commercial property in South Florida is not a lonely one as it is an attractive location for many corporations and for several reasons. Aside from its appealing weather and tourist attractions, Florida is becoming more popular and the demand for commercial properties is expected to increase as we enter 2010.

Unlike smaller investments, commercial real estate purchases usually require more capital, time, research and consideration.

If you're considering purchasing property in South Florida for a new or existing business, you may want to hire an experienced property acquisition attorney to help you navigate the process and secure a commercial property that satisfies your corporation's needs.

Mark S. Schecter is the founder of Schecter Law, a Florida law practice that emphasizes commercial litigation and real estate law in the Fort Lauderdale area. Schecter Law provides corporate general counsel services, commercial litigation, transactional real estate services and the hands on involvement necessary to successfully represent the clients in the acquisition, development, leasing, and sales of various commercial properties, including shopping centers, hotels, warehouses, industrial property, office buildings, condominium, multi-family residential projects, single family homes, and restaurants in South Florida.

Article Source: http://EzineArticles.com/?expert=Mark_Schecter