A Look at Finding the Best Commercial Real Estate Markets

If you're an investor in the Boston, MA area or are interested in being an investor, then you may be aware that commercial real estate markets are becoming increasingly popular. You may be thinking if this is something you'd be able to do, especially if you're not a real estate expert. You may also be wondering about what are the best markets to get into for beginner commercial real estate investors.

Many people automatically think that commercial real estate investing can be only done by experts, but this isn't true. As a matter of fact, there are numerous ways in which a commercial real estate deal can be financed. One of these unconventional methods includes using REITS. Real estate investing and particularly commercial real estate investing isn't the best for beginners, but it should be a future goal since it can help to greatly diversify your portfolio and can be highly profitable.

If you're interested in getting started, then there are a few things you should keep in mind. We will now look at 5 criteria that should be taken into consideration for greater overall profits:

1.      Low Rates of Unemployment.

If a city has a low rate of unemployment, this means there are more workers, which means there is an increased demand for office space.

2.      Low Cost Properties.

This may seem obvious, but it is essential that you find properties that are priced under their market value. This is essential if you want to make a profit off the property, either by renting it or re-selling. It is possible to find a property with slight issues that is being sold for a deal. You can also look into purchasing commercial foreclosure properties.

3.      High Rent

You should always do you research before you buy commercial real estate and check out the market to see what the current rent rates are. If the typical rental price for a commercial property is high, then you can make a great profit if you purchase a commercial property for a low price.

4.      Current Demand

You should always keep an eye out for markets that are up and coming where jobs are being created and there are new residential complexes. This will create a demand for commercial space which you can provide.

5.      Low Vacancy

Basically, if there are low vacancies available and there is a high demand, then you will be able to charge higher prices for rent. This will significantly increase your profits.

The Process of Certifying Your SDVO Business with Veterans Affairs

The recipient of a bachelor's degree in communications from the University of Massachusetts, Michael Snedeker resides in Boston and serves as business coach through Action COACH. In this capacity, Michael Snedeker helps Service-Disabled-Veteran-Owned (SDVO) businesses develop effective marketing strategies. 

Registering your company as an SDVO business comes with several benefits, such as access to specially earmarked government contracts, increased traffic, and consideration from potential clients who want to support veteran entrepreneurship. To begin the registration process with the Department of Veterans Affairs (VA), you need to create a user account for your company with VetBiz (www.vip.vetbiz.gov/Public/Register/Register.aspx) and prove your veteran status by uploading military service records, which can be obtained through the Department of Defense, as well as a disability status letter from the VA. The business also must be at least 51 percent owned by yourself or other veterans. 

The VA will then review the documents and application and may even examine tax returns, bank statements, and business inventory to ensure it's capable of taking on government contract work. Site visits throughout the registration process may also occur. Smaller business not seeking government contracts can choose to register with private entities such as Buy Veteran.