THE COMMERCIAL FORECLOSURE OPPORTUNITY! As the saying goes, one business failure is another business opportunity." is a very true statement. At BanDier Realty Partners, our foreclosure team called F.A.S.T (Foreclosure Asset Services Team) are working around the clock on opportunities of all shapes and sizes!
Two of our F.A.S.T. specialists, Jason Tangen and Ryan Carnes are systematically working with bankers all over the country and uncovering some incredible properties. Investors are very interested in being the first to know about these properties and with the knowledge and fortitude these gentleman have, getting this information quickly to interested parties is the key to success.
"The commercial foreclosure market is certainly not for the faint at heart. You have to be willing to hammer the phones, be diligent and then be patient", exclaims Tangen who spends a minimum of 3-5 hours per day on the phones. "The rewards however, are being able to find a property for a client that fits their investment criteria."
Ryan Carnes who specializes on the marketing side of the foreclosure team says that there is definitely an up-swing in phone calls and interest being generated from the email blasts and signage. "December was very slim, but as February has rolled around, the phones are ringing on a much more regular basis." Carnes stated.
Just as in the residential housing market, foreclosures can be an opportunity for individuals who can see the value of a particular building, area or business. Often times after running their Pro-forma numbers, these discounted properties show very good rate of returns and therefore are good investment opportunities.
The key to successfully investing in commercial foreclosed businesses is of course finding a team who knows your investment needs and requirements. Having your financial information up to date and available is critical when making an offer to a bank for a distressed property.
Time is truly of the essence in making offers on these types of properties. Those who have the most information in a timely fashion will be the successful entrepreneurs in this type of market. Acting intelligently and quickly can be a recipe for success.
If you are interested in receiving emails regarding foreclosed commercial opportunities, simply visit our website listed below or give us a call. We will be happy to discuss your investment needs and help you find an opportunity tailored for your investment portfolio.
For more information with your real estate needs, contact Paula Hamilton, Broker / Director at BANDIER Realty Partners at 281-210-0092 or www.bandierpartners.com