Author: Tommie
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The Key to Selling Your Business
Selling a business can be a complex and emotional journey, especially when you’re facing challenges. As a business broker, I understand the frustration and uncertainty you might be feeling, and I’m here to offer some advice to help you overcome these obstacles: Reassessing your expectations: Enhancing your business’s appeal: Seeking professional support: Additional Tips: Remember,…
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Fixing underperforming property
Go From Zero to Hero Revitalizing an underperforming commercial property requires a strategic approach addressing both internal and external factors. Here’s a breakdown of potential avenues you can explore: Internal Analysis and Improvements: External Strategies and Market Positioning: Additional Considerations: Remember, revitalizing an underperforming property requires a long-term commitment, patience, and continuous adaptation. By focusing…
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Real Estate Investor Spotlight
High Interest Rates When a commercial real estate property is over-leveraged during high interest rates, the situation presents a complex mix of both potential opportunities and significant risks. Understanding these nuances is crucial for investors, lenders, and owners navigating this challenging scenario. Opportunities: Risks: Nuances to Consider: Navigating an over-leveraged property during high interest rates…
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Financial Concepts Used in Real Estate
The world of commercial real estate (CRE) involves a nuanced interplay of financial concepts, each requiring careful understanding for successful investment and development. Here’s a delve into some of the key ones: Capitalization and Return: Valuation and Analysis: Financing and Risk Management: Advanced Concepts: Remember, this is just a snapshot. The specific financial concepts relevant…
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Business Brokering Risks
The world of business brokering holds immense potential, but like any complex system, it also harbors nuanced risks that savvy brokers should be aware of. Here are some key areas to consider: Ethical Pitfalls: Financial and Legal Risks: Reputational Risks: Additional Nuanced Risks: By acknowledging these nuanced risks and taking proactive steps to mitigate them,…
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Qualifying Sellers
Qualifying potential sellers is equally crucial for business brokers to ensure they represent profitable and attractive businesses with realistic expectations. Here’s how brokers can effectively assess prospective sellers: Initial Contact and Pre-Screening: In-Depth Assessment: Verification and Due Diligence: Beyond the Basics: Additional Tips: By proactively and diligently applying these strategies, business brokers can effectively qualify…
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Qualifying Buyers
Qualifying potential buyers is a crucial step in finding the right fit for your client’s business and ensuring a successful sale. Here are some key strategies business brokers can utilize to effectively qualify potential buyers: Pre-screening: Financial Qualification: Experience and Fit: Verification and Due Diligence: Beyond the Basics: Additional Tips: By diligently applying these strategies,…
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Property Research
Before Buying Here are some questions an investor should ask owners before buying an older Class C or less apartment building: About the building: About the tenants: About the neighborhood: About the owner: In addition to these general questions, investors should also ask specific questions about the building and neighborhood that are relevant to their…
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5 Key Factors to Consider When Choosing a Real Estate Location
Location3 Location, location, location. It’s a mantra drilled into the heads of every aspiring real estate investor, and for good reason. A property’s location can make or break its value, often trumping even the most impressive property itself. So, when it comes to choosing where to invest your hard-earned cash, it’s crucial to do your research and identify a winning location. In a Nutshell…
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Are You A Real Estate Professional?
Like most questions, the answer is that it depends. Real estate investors should pay close attention to whether they are materially involved in the property or act only as a passive investor. While there are benefits to being a RE professional, many of the same benefits derive from business ownership. Key take-aways: No, having a…
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