Brashier’s Principles Continued..
8. “As fast nickel” is better than a “slow dime.” Keep your money turning.. And remember…
9. You can’t go broker making a profit. But, always leave a little on the table for the other fellow, if you do, he will be back for another deal with you.
10. Never get angry with someone making you an offer, even if it is rediculous. I had rather have one offer than 18,200 lookers.
Part 1 of 2 Passed along to us and written by T. Walter Brashier, a very successful real estate investor and developer. He gives credit to his father Ralph Brashier and others he has met along the way for these…
Although going through a strong objective analytical method helps analyze a deal, we cannot disregard the “gut” or the importance of the intuitive subconscious feel. The internet makes accurate commercial real estate related data easy to find, quickly. Market vacancy…
Lease Duration
Often residential tenancy is a month-to-month lease. If the residential landlord is lucky it may go up to six months to a year. However, commercial real estate in Greenville, SC often includes long term leases. Usually, a commercial lease will be for two, three, five, or even longer. And commercial real estate leases sometimes have lengths of ten to twenty-five years. These exceptionally long leases are sometimes found in large properties with tenants such as large retailers and banks.
Commercial Investment Tip
If you haven’t registered your commercial property with cell tower companies then you should consider it. Most contracts start at 20K per year and can go up to 80K if the population is dense and demand is high. At a cap rate of 10%, your property increases in value $200K with a 20K annual suburban contract. The advantages for having cell phone companies as tenants are plentiful. First, they install everything without any expense to the owner. Secondly, there normally isn’t any opportunity cost associated with them (no space used could be used otherwise).