Dont Fear The Competition For Commercial Properties
One of the hallmarks of being in business is to be aware concerned about or even intimidated by ones perceived competition. After all competitors can swoop in and gobble up sales that were otherwise yours for the taking right? The better approach is to embrace the idea of competition and I in this article will help you feel better about this issue when it comes to commercial properties.
Reasons for fearing the competition in commercial real estate usually stem from a feeling of not being financially ready to pursue larger purchases. If youre feeling this way what would it take to feel more comfortable? What capital would you need to raise? What funding commitments would you need from a bank or banks? The answers to those questions form the basis for a sort of todo list that needs to be your first priority. You have your checklist. Now lets move on.
Once you are financially prepared to take action on a piece of commercial real estate you have already eliminated the majority of your competition. Why? Most investors will somehow try to pull off a miracle raising funds at the last minute and hoping for an ideally motivated seller who can agree to a creative type of deal. Folks this can work but this is the small percentage of good commercial deal that are out there.
If I told you that there was an abundance of quality deals that were just waiting for a wellprepared buyer would that motivate you to get your ducks in a row? By spending a little more time on the front end treating your business like a business and setting it up for success from the onset you will be able to dust most of your competition on that basis alone.
Another point of encouragement here is that there just arent as many investors out there seeking commercial properties. Sure many say they would like to but very few actually walk the walk. It is a remarkably small fraternity and once you commit to joining it membership indeed has its just rewards.
When you recognize that the competition is not breathing down your neck quite like you might have thought before it can be reassuring. Add to that the relative lack of competition and abundance of deals that characterize the commercial real estate market and you have a competition scenario that is ideal for a business. Your product is inherently in demand and with the right approach to finding and securing deals theres not much holding you back now is there?
About the writer: David Lindahl also known as the “Apartment King” has been successfully investing in singlefamily homes and apartments for the last 14 years and currently owns over 7000 units around the US. David regularly shares his secrets and experience on the same stage as Tony Robbins Robert Kiyosaki and Donald Trump! For two FREE copies of his highly recognized newsletter Real Estate Insights please go to http://www.davesoffer.com/ezine
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