How to Make Money With Commercial Real Estate

When you purchase a new property you expect it to be able to turn around a profit. In this article you will find out different strategies to earn additional income with your commercial real estate.

Commercial real estate is a hot commodity among investors. Quite frankly the possibilities are endless. You could have one location that is for your personal business. Another that you rent out to a tenant. Or one just for storage. It is all up to you when it comes to what you want to do with it. Fixing and flipping properties when done right is a very profitable, as well.

It's the little things that matter when it comes to commercial real estate

Taking the time out to make little repairs of cosmetic enhancements can make a vast difference in the amount of revenue that you end up making. Commercial real estate has hundreds of different variables that you can take advantage to bring in the best clientele. Many people make their money back if they take on a lot of the responsibility of managing their properties themselves. Why hire someone or a group of people to do something that can be done by you? You keep money in your pocket and in turn you can reinvest in something else.

 A great way to make money off of commercial real estate is to rent it out to multiple tenants. Say you have a property with roughly 2,400 square feet, instead of having one large business you could split it and have two businesses within the space. This is called a co-working space. Many of these types of businesses are popping up around the country. Depending on your assets you could buy a large piece of property and have two or three small companies renting space. Along with that, you can also give freelancers a payment plan in which you charge them to use the space. Judging on the different types of benefits and perks you have will also bring in more clients.

You can also do this with a home. Instead of having one family living in the house you have; instead, you can rent out the rooms and charge more than you would regularly with one person. By doing this you can make more money to pay off expenses that may come along renting out a space. For example, you may have to take out a commercial real estate loan to help cover the cost. If you were to rent off a home piece by piece you could possibly pay your loan off quicker.

What if I want to sell my commercial real estate property?

If you want to sell your commercial real estate you then should. As we stated before you have the power to do so. Judging on how must you put into your property the more you can possibly get for your money.  Say you bought a property below market value that does not need a lot of enhancements or repairs. You can sell it higher than market value. Or if you have a piece of commercial real estate with a business using it you can dissolve their tenure and sell it to them if they want the space.

Dennis Dahlberg Broker/RI/CEO/MLO

Level 4 Funding LLC
Arizona Tel:  (623) 582-4444 
Texas Tel:      (512) 516-1177 
Dennis@level4funding.com
www.Level4Funding.com

NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027

111 Congress Ave |Austin | Texas | 78701    

   

About the author: Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true.

Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.