How To Find Good Commercial Investment Property Deals Online
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- Опубліковано 31 тра 2024
- How to find good commercial investment property deals online in five minutes and get access to the whole of the market with instant keyword alerts.
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While a lot of people may think of only looking on Rightmove I show you 3 other commercial property portals that are worth checking out and the one I prefer over Rightmove and the reasons why.
I show you how I set up filtering so I can see the whole of the market and filter that again by keywords to get instant alerts when new properties that meet my tarket investment property criteria are listed on the market.
I explain my property goal and why this is important to help you decide what you are trying to achieve by investing in commercial property. Without understand what you want to achieve you could become distracted by other commercial property that may not achieve your financial investment goals.
I show you a couple of examples of commercial deals that I think are good and a reason why one of them I would not proceed with as it does not meet my own investing criteria.
📚 Recommend Reading 📚
The One Thing, Gary Keller amzn.to/3fTDKpK
The 7 Habits of Highly Effective People, Stephen Covey amzn.to/3pn81QS
Rich Dad Poor Dad, Robert Kiyosaki amzn.to/2U5zBXq
Chapters:
00:00 Start
00:33 Where To Look
03:03 How To Set Up Filtering and Alerting
04:13 Setting a Target Investment Property
04:54 HACK on How To Look at The Whole Market
08:03 Finding 10%+ Yield Commercial Investment Properties
11:47 Rule of Thumb Finding Investment Properties
🎯 For those who want to learn more about Commercial Property Investing you can leave your email on my Wait List for a new Commercial Investment Property course called UpLevel here 👉 www.propertyinvestingwealth.com/uplevel 🎯
Great video Stephen! Thanks for posting
Thanks for watching
Thanks for the video, really good info!
Thanks Luke for the kind feedback and for watching.
Such a great video. Picked up many tips that you do not find elsewhere. Thanks for creating this content, looking forward to more videos 💪💪
Thanks Noble. This was inspired by your request, so I’m pleased you got some value from it. 👍
@@StephenDuncombetv haha I thought as much, much appreciated. Would love to see a video on the easiest commercial to get involved with ( something to buy in cash and lower end of the market to then refinance once it’s all done ) as a first commercial venture, then the next few levels of complexity as you progress and learn the ropes
Just found your channel recently and I think its fantastic. Really helpful. I particularly like your detailed commerical property videos. I own 1 at the moment and I'm now looking for another one. Thanks very much.
+AC121! Thanks for the kind words and feedback. I love commercial property so there will be lots more videos to come.
Good luck with finding your next commercial deal.
Hi, what type of commercial did you go for ? I'm currently considering my first as an office space in York
I like you, your approach. good and great thing is you are helping rather than trying to make money by training or pushing me to video courses
all the best.
Thanks Ajay for the feedback.
Rock on Stephen, another great fluff free education
Thanks. 😀
In order to be able to claim capital allowances a seller is willing to pass on, what is the minmum amount the com property needs to be?i.e can i claim CA on a purchase price of 158k. Thanks
I really enjoyed this insightful video, especially learning about the grade 2 listing zero business rates ...
I'm looking at investing into commercial rather than residential, is there a video or advice on how to go about setting up such a company to buy it through for tax efficiency , and what benefits like capital allowances and refinancing especially on cashflow investment properties? Thank you for sharing 🙂
Hi Richard. I’m happy to read you enjoyed the video and got value from it.
I will do a video on how to set up a company for tax efficiency soon as that’s a great question. I’ve also bought properties with capital allowances so another topic right there to do. I’ll give you some more details on what I’ve done in upcoming videos as kind of not easy to write here.
@@StephenDuncombetv Hi, can you share the link for the video on how to set up a company for tax efficiency, I can't find it.
This is super helpful content. For one of the properties you said you wouldn't look at it because it's long leasehold. So is one of your requirements that you only go for freehold, or is there some other type of leasehold you would consider? In any case, why avoid the long leasehold? Thanks.
Hi Matthew, yes I avoid leasehold as you need permission from the freeholder is you want to do any work to it down the track. Plus you have other expenses with leashold properties that you can simply not have by looking at freehold. My only exeption to the rule is industrial that is on an estate as they are all leasehold so then its a decision simply about the income potential for it vs a better opportunity somewhere else.
'super' helpful. What a mong.
Alright mate, when looking for potential properties…
Does the lease hold mean tenants are in there till specified time frame, also if an empty space how do you go about letting this out?
If you’ve covered this in previous video please link me.
Thanks.
Hey Ryan. The tenants have a commercial lease that is similar to an AST but with commercial terms and a longer time frame etc. the property is still either freehold or leasehold. If it’s empty you engage a commercial agent also chartered surveyors who can help you find a tenant just like a letting agent does. I’ll have to do a video on some of this as it may be in amongst the commercial videos. Look in that playlist on my channel.
@@StephenDuncombetv Thanks mate!
So ideal property to look for would be freehold or a short leasehold term prior to purchase?
Look for freehold unless you want to buy industrial on a business site.
You disregarded the long leasehold property, why was this?
When these listing state rental income , is that potential or actual. is it clear that there is a tenant in there already or i would need to find a tenant later ? thank you
Hi Eddie, If the listing says ERV it means that is made up 😀. i.e it may achieve that but if it could why isn't it!
If it does not say anything and says 'rental income is £30,000 per year' then that is what is being achieved today and this is what to look for. If itsgenerating an income then there's a tenant in there. If the listing does not say it has an income and says ERV it means its vacant and you would need to find a tenant if that's what you are trying to do with it.
Would you say it is worth having a few commercial properties.
Just for passive income
Yes that’s exactly what I do.
It is a good channel, very down to earth chap giving simple but effective information. I'm looking to jump on the investment ladder and are thinking of property containing office space. Where to start !!
Thanks for the feedback 😀.
As someone who is employed by a blue chip company, is it easy to get a commercial mortgage with no prior experience in commercial property? What LTV is typical?
You don’t need experience with commercial property but you’ll need experience as a landlord. Ideally owning more than one property. LTV can vary with the type of property and tenant but you can get 65% to 70% fairly easily at the moment.
@@StephenDuncombetv so the first step is being a residential landlord then moving to commercial?
You may be able to get a commercial mortgage without experience but it’s harder.
How do you finance these properties?
With a commercial mortgage from a commercial mortgage broker. Just like a buy to let mortgage really. Based on income from property and a good credit score.
What are your thoughts when it comes to industrial warehouses?
Specifically the smaller 100ftx100ftx24ft 10000 sqft or 100ftx150ftx24ft 15000 sqft etc?
Is it better to build new or buy existing?
I’ve actually done a video recently on that exact point. Check it out here: This Will Keep You POOR - Commercial Property Investing
ua-cam.com/video/TMWxdkxHRvQ/v-deo.html but buy existing as long as you’re buying it below replacement value per sqft.
Is it worth buying derelict commercial properties.
Not unless you have a clear plan to turn them around and know that it will deliver a profit with the hassle.
Are these sites only for UK not US
Yes. Just U.K. sites.