Eugene Bernshtam on Making Smart Investment in Commercial Real Estate
In this world, there are many individuals who think that property is the best place to invest the money because it gives profits or you can say returns in large amounts after some period of acquiring the property. It is unproblematic to sell the property as compared to purchase a property. The real estate assists individuals to sell or buy their property. So handling property is significant and before selling or buying the property, an individual should consult a property dealer so that they can get fine suggestions.
What is Commercial Property?
Commercial property is the property area which can be offices, buildings, industries, shopping complexes, garages, hotels etc. There is a difference between residential property and commercial property. Residential property is essentially for an individual’s own usage and commercial property is for more than one individual’s usage. Land Holdings is the property area where buildings are built together with some vacant land area and some natural resources around it. Investing money in property needs good knowledge and patience about the particular asset which you want to buy or sell. An individual should discuss with other people who have past experiences of selling or buying the estate. Eugene Bernshtam who is the entrepreneur and financier of Avalon Holdings LLC, an expert in real estate investment, can give you ideas and propositions of how to make a risk free and wise investment.
About Commercial Real Estate
Commercial real estate includes the property areas such as parks, malls, office towers, restaurants etc. People buy huge area of property and give it on rent to other individuals who want to set up their business. An agreement is generally signed between both the parties before giving the property area on lease. All significant information is recorded in the agreement such as monthly rental amount, time duration of rent, and increase in rent annually etc then the agreement gets signed by both parties. This whole procedure of giving the property on rent is identified as lease the property area. There are many companies who take the assets from investors on lease and pay the monthly charter as fixed during the contract.
According to Eugene Bernshtam, before investing money in property, there are many major points which should be checked out properly.
- Checking the expected monthly income which can be made from the property
- Physical condition of estate.
- Location of estate.
- Initial Investment
- Future scope of estate.
Why to invest in Commercial Real Estate?
Commercial landholdings can offer a fine amount of monthly income to the investors as contrasted to residential real estate. If an individual wants to invest in commercial real estate then it needs large amount of starting capital and infinite knowledge of financial and legal areas. To build a commercial area for this type of monthly income, it needs many years, initial investment and more significantly patience. These property areas are so much in demand because there are many companies and brands who requires such property areas so that they carry out their business expediently. It provides suppleness to the companies to enlarge their business in the world easily to earn more return.