Distressed Commercial Property: Investing Guidelines

Just like in residential foreclosures, commercial properties may be foreclosed for the same reasons – non-payment of mortgages or property taxes. And just like in home foreclosure, a distressed commercial house also represents great investment opportunities for the same reason that they are sold at unbelievably low prices.

How to Start Your Commercial Foreclosure Investing:

You can ask around for any distressed commercial property for sale, scan newspaper pages for some sale announcements or you can do the easy way by subscribing to a foreclosure listing service.

Finding a foreclosed commercial home on listing is very easy. Properties are usually listed by city or states, thus you can narrow your search on the area where you want to buy a property. Their prices and other features are also made available to allow you to compare the best deals.

Foreclosed commercial homes are popular among investors for the simple reason that they are very cheap. Some may carry price tags with as much as 50 percent discounts. You may choose among the thousands of foreclosed bank and government commercial houses; or you can deal directly with owner of the distressed commercial property. Whatever type of foreclosed commercial property you choose to buy, you can be sure that it comes with discounts that could save you a lot of money which you can use for renovations or repairs the property may need.

How to Benefit from a Foreclosed Commercial Property:

If you are a businessman, you can get more savings by buying a commercial house that you can use as an office, warehouse, or whatever it is that will serve best your business. You can also buy a commercial building, use some spaces for your own business and lease the remaining areas to other businesses, or you can repair or renovate the whole property and lease it.

Another option is to repair, renovate or build some additions to the property and sell it for huge profits. If you do some research first and practice due diligence, you can never do wrong with investing in a distressed commercial property. The benefits of this venture far outweigh the risks.

Beware! MLM Home Business Pitfalls of Building Online

Too many people these days become obsessed with building their MLM home businesses online, which more often than not results in their business dying!

Now don’t get me wrong, I think the internet is a great tool that everyone should be using to an MLM home business, or any business for that matter!

Am I talking out of both sides of my mouth?

No. Let me clarify (don’t you just love riddles?:).

Here’s where the problem lies: most people when they learn about online marketing go into “get-rich-quick mode” thinking that NOW they have finally discovered the SECRET that’s going to build their business automatically for them and make them rich overnight! All logic and reason goes out the window because they heard about some guy who went from homeless to millionaire in a weekend using the internet. That person therefore who may have been struggling and beating their head against the wall to grow their business suddenly finds out about this new previously-unknown-to-them “magical” way to make their business really work and basically stops building their business to become an online marketing guru/genius.

Of course, they don’t mean to put their business on hold but what they don’t understand is that – like any other great marketing approach or system – success won’t happen overnight, and they end spending more and more time learning and less and less time doing anything productive and guess what, their organization, however big or small, duplicates – they don’t do anything productive either…

Avoid the MLM Home Business Internet Trap

For most people, it may take 6 months and maybe longer to really master the different online marketing approaches necessary to create enough leads consistently – on a daily basis – where you no longer need to be prospecting any other way. Yes, there is always exception to the rule but when you consider the average networker only has a few hours a week to put into building an income from home, there isn’t much time left to learn these new skills and strategies. If you had 10-15 hours a day uninterrupted where you could study in a cave and really learn it, then yes, you could learn it much faster, in a matter of weeks probably, but that is very unrealistic for the average person, for the 80% of the networkers out there.

In order to create a growing, profitable MLM home business, you must be able to really connect with people.

Utilize the Internet for what it is, a great tool to leverage communications and marketing but don’t forget the fundamentals. This is a relationship business, and real relationships are built and maintained through communication.

Start slow when incorporating the internet, don’t go all in right from the get-go. Slowly start adding online marketing strategies to your existing business building approaches that are working. Perhaps setup a lead capture page to direct your suspects to – the people you need to sift and sort through to see who your prospects really are. Start communicating to your team with trainings and live presentations via webinar or online video format each week. Maybe setup a Facebook page to establish a basic online presence where you can connect with people and where they can go to learn more about YOU (again, people join people, not companies – don’t give out your company replicated website, give out your webpage, like your Facebook page to start) – you can also search for your prospects on Facebook and learn more about them as well.

Continue to build your MLM home business offline while also continuing to learn new ways of marketing and connecting online to create leads – but don’t sacrifice the offline activities for the online ones as you’ll only end up killing your business and having to start all over again. Anyone can begin an MLM home business from day 1 offline by keeping it simple and prospecting – simple, non-technical, duplicatable skills people have used and continue to use to create millions in their MLM home business (before there was the internet – or DVDs or cell phones even) and that anyone can learn.

But the same cannot be said for online marketing – it is a skill that must be learned, and although it’s becoming more and more necessary to have computer and Internet skills these days it’s still nowhere near as natural or common as talking with someone face to face, or even on the phone.

Again, the Internet is a great tool everyone building an MLM home business should learn and eventually master. But also realize that in reality it does take time, it won’t happen overnight. Also realize that people start and join MLM NOT because they want to push out the time frame to quit their job or retire or reach their goals but rather they join because they see it as a way to get there faster.

Therefore start with the offline methods and begin to slowly integrate your offline recruiting methods with your online generation efforts. As you begin to create more and more leads online you can cut back on your offline efforts or simply continue to both and make that much more money instead.

What duplicates duplicates

Again, your team will do what you do. If you focus only or primarily on online marketing so will your team and you will lose urgency and momentum and therefore substantial growth of your team due to the 3-6 month learning curve your people will have to overcome (plus you don’t want them getting distracted and only selling products and tools – no residual income, no leverage of people, no team, etc – big mistake!).

Why People Select Commercial General Contractors?

A vast majority of people are interested in selecting a commercial general contractor for the successful implementation of their commercial projects. People do so as the job role of a commercial general contractor is not limited to build a commercial house and plaster it perfectly. He does more than that. Starting from location selection and site preparation to modification and renovation, he takes care of all. To ensure all, he supervises everything closely and regularly. At last, he rewards you a modern and attractive looking commercial centre that attracts more investors to invest in your property. Many businessmen can ask you for getting a module for their business accommodation. A commercial general contractor can play an important role to make your project successful. You are sure to get high return on investment.

Given below are the many benefits of selecting a commercial general contractor

  • Cost control

This is probably the most important benefits of hiring a general contractor (GC). He is the responsible person for getting competitive bids concerned to the project. He can suggest the clients and architects about the cost-saving measures and some other factors about the locality and its construction guidelines. He will be weighing and considering plans, drawings and sketches. He can cut down the unnecessary costs.

  • Right estimation

A GC helps you take the right decision about the approximate cost of the project. He can tell you the right ways to reduce additional costs and other unnecessary charges. He can send everybody the right cost after reviewing their quotations. Right implementation He can suggest the owners about the right implementation of the project. He takes effective decisions and right steps on how to implement the project successfully.

  • Regular Field Supervision

A GC regularly visits the construction site to supervise the work and gives direction on how to make the project successful. He weighs and considers the quality of the work and materials supplied by vendors, subcontractors and workers. He protects the property from external threats and vandalism. He works exactly like the representative of an owner.

A commercial general contractor regularly checks leaks, plasters, damps, etc. In a word, he is the kingpin of making a project highly successful.

  • Paperwork

A responsible GC scrutinizes all paper works and justifies these perfectly. If he finds any loophole in the papers, he gets it rectified immediately. He functions as a coordinator between the architect and the owner of the project. He checks the permission papers, insurance papers and certificates of the professionals. This helps the owners get quality works.

  • Save time and efforts

He can save time and efforts of the project owner by taking all responsibilities on his shoulder. The owner can devote his valuable time in his core competencies.