How do I locate eligible properties and land to develop or re-develop?
We have used two primary on-line locator tools to find properties:
Both of these companies and on-line platforms are excellent at helping you locate land and buildings for sale. They are very similar to how zillow.com and realtor.com are set up with easy searches based on your criteria as well as creating a favorites list.
Once you zero in a property or two we suggest the following:
View the marketing brochure that is usually attached to the listing for more complete detail.
Run the numbers yourself on the CAP rates, as there are some listings that might embellish or leave out certain details.
Contact the listing agent and find out how much activity the property is getting.
See the property in person to inspect the building as well as getting a feel for the surrounding neighborhoods.
Line up your financing and investors in advance. It is better to be a serious buyer than one who is just fishing around and just wasting the time of others.
Best of luck in finding your commercial properties!
Don't want to do all this work, take these risks on your own and just want a more passive investment where someone else is the managing partner?
We are looking for potential business partners!
We want to find business partners and qualified real estate investors who will come in on projects with us that mutually make sense where we can all come out ahead and make good money.
Feel free to email, text or call us with any questions about any of our media articles or any questions you have about being a potential business partner or investor with us.
Thanks,
Greg Arbutine
Alan Development Co-Owner
Invest in real estate with along side with us at Alan Development! We are the real estate experts that you can trust.
Sounds like great advice!