Here are some valuable lessons about what to check when you invest (in fact, before you invest) in commercial investment property. Investors often make the mistake of not checking up on these things and end up making losses later. The leading investment properties expert in California, BGK Investments, shares these top tips about investment in commercial property.
CHECK THAT THE PROPERTY COMPLIES WITH MUNICIPAL BUILDING CODES
Always ensure that the building you are planning to invest in, complies with the current municipal building codes. Often investors discover that there is something amiss when they plan improvement on the existing investment properties. Any mistakes here could prove costly later. BGK Investments, the top investment properties broker in California offers real estate investigation service so that there are no surprises later.
CHECK EXISTING TENANT LEASES
You should be aware of any issues that may be there with the leases with the existing tenants on the commercial investment property you are planning to buy. Ask the best investment properties advisor, BGK Investments, in California to first check all provisions in the existing leases before going ahead with the deal.
CHECK THE INVESTMENT PROPERTY THOROUGHLY
It is important to check each and every unit of the building. At the same time, it is important to check it out at various times during the day. The two will give you an idea of what goes on at the investment properties you wish to buy. Only rely on experienced and reputed commercial investment property brokers, such as BGK Investments, in California to close the deal after investigating everything about the property.
CHECK WITH YOUR LENDERS
Before going ahead with anything, ask the lenders about how much loan they are willing to extend for the property you are considering. Lenders will look at all aspects of the property. So it would be wise to consult them first.
The leading commercial investment property broker in California, BGK Investments, led by Ben Keisari, have been in the business for many years and can help you with every step of the process so that you make a safe investment that gets you good returns.