Miami Real Estate and Community News

Aug. 18, 2017

Purchasing a Commercial Property - It's Possible!

As Business Owners, there are so many things to think about and so many decisions to make that thinking about purchasing a commercial property may seem like it’s out of the question. We’re here to tell you, it’s absolutely possible! The trick is to find the right fit. How? By relying on professionals like us!  

 

Let us sort through all of the not-so-great properties so you could concentrate on the true contenders. First, we’ll discuss your business needs and goals. Then, we’ll look at things like accessibility, walkability, and parking (among others) for all the properties to ensure your needs are met. We’ll search far and wide to find the right space. 

 

But my Business is Growing 

 

It doesn’t have to be the “forever” property for your business, it will just be a step in the right direction and the first one is the most important! Take your first step with a commercial real estate expert that could guide you every step of the way and maximize your investment! 

 

Take a look through the details of investing to learn more about how we handle the process. We’d love to help your business find its next home! 

 

Looking to Sell? 

 

We manage commercial investment portfolios too. Contact us. 

Aug. 2, 2017

Maximize your Buying Power with a 1031 Exchange

We sat with Alex Rodriguez learn more about what he does and why his clients are so successful. Check out the quick interview below: 

 

Q: We know you’re a Real Estate Broker, do you have a specialty within real estate? 

A: Yes, I specialize in Commercial Real Estate and have been doing these transactions for quite some time. Not only do I take care of commercial properties, I also take care of investment portfolios.

 

Q: Nice! Who is your ideal client? 

 

A: Companies that want to grow, sell or purchase their properties and investors that are looking to expand and diversify their portfolios.

 

Q: Any particularly complicated or unique transactions? 

A: All the time! A great example is a 1031 Exchange.  

 

Q: Can you tell us a bit more about how the 1031 Exchange works?

A: A 1031 Exchange is a tool the IRS provides [that is part of the tax code] and allows us to reinvest money to defer the taxes, which allows maximum buying power.

 

Q: Sounds great! Can you give us an example? 

A: Sure! Let’s say you paid $700,000-$800,000 for a commercial property years ago and now it’s worth 3 times as much. At that point, there’s a capital gain where you would have to pay 20%-30% in taxes. That situation is a great opportunity to employ the 1031 Exchange. We’d reinvest that money to purchase more properties, which will in turn expand your portfolio and will increase your bottom line long term. 

 

Q: So it’s a matter of taking the first step and being patient? 

A: Absolutely, real estate is a matter of time, time helps your real estate portfolio to grow in price and in size as long as you have a Commercial Real Estate Broker that will help you reinvest when the time is right. 

 


There you have it, for your Commercial Real Estate needs, contact Alex Rodriguez at 786-547-6494. He’ll help you find your ideal property and maximize your buying power! 

June 15, 2017

Miami Realty Consortium Customer Experience

 

We received a note from a happy customer. This is what we strive for! Have a read:

   “As a small business owner, one of my greatest challenges has been finding a commercial location that is the right fit. Throughout the past four years, I have tirelessly gone from place to place in efforts of finding a space that truly suited my business. Last year, I unexpectedly came across a location that felt right and I went through the strenuous leasing process on my own. When you're working alone, looking through a commercial lease agreement is like trying to read a foreign language. Needless to say, it was not easy. 

     I met Alex from Miami Realty Consortium and mentioned my commercial lease was coming to an end. As soon as I mentioned it, Alex volunteered to help me through it. He looked through the proposed agreement and explained every section to me in detail. I would’ve been happy with just that but he took it a step further and showed me properties in the area, explained the market, and made recommendations that truly benefited my business. He was patient, kind, and so knowledgeable. The ease in which he went through the process can only come from an expert in the field. 

    Thank you Alex and Miami Realty Consortium for helping my business and looking out for its wellbeing. Rest assured, I won’t be going anywhere else!”

 

                                                         -Lily Savinon

                                                         Founder of LD Creative

 

 

April 21, 2017

Finding your First Commercial Property

There are so many options when investing in commercial real estate, it’s inevitable for countless questions to arise when selecting your first property. Here we’ll tackle questions that will help you narrow down your options. Let’s get started!

 

How much money can I invest?

Usually, warehouses are the easiest beginner investment. Warehouses and flex space, [which are gaining popularity by the day] are low maintenance commercial properties and are reasonably priced. If you’re considering office space or and retail, they are usually at a higher price point and require more of your time as an owner.

 

Is this property for my business or strictly an investment?

Your investment can be owner occupied or non-owner occupied – that doesn’t mean you have to stick to the same option forever. You can always start off as owner occupied and once you’re ready, move on to non-owner occupied or vice versa!

 

What amount of time can I dedicate to this investment?

Some commercial investments are high-yielding where you can comfortably live off of and some are less time consuming with more gradual, long term growth. Your property can either turn into your full time job or you could work your way up. In high-yielding properties, hiring a management company is also a solid option.

 

Who will manage the property on an ongoing basis?

You can manage the property and receive all the profit or you can hire a management company that will relieve the workload but will cut into your profit.


I'd be glad to guide you through the intricacies of finding your first (or next) commercial investment. You can click on the Buying menu item to get a glimpse of the process or simply give me a call. I'm always happy to help!  

March 28, 2017

How to Find the Ideal Commercial Investment Property

Investing in commercial real estate is definitely a great idea! There are so many benefits in owning commercial properties but knowing where to start can be overwhelming. Here are some items that’ll get your gears turning to really narrow down what type of commercial investment is your best fit!

 

What is your type of business?

The nature of the industry, number of employees and customer base

What stage is your business in?

Are you growing, starting, downsizing or simply relocating?  

What type of investment would you like?

Apartment building, retail, warehouse, a warehouse with an office (flex space), a traditional office or land

What kind of return do you expect on your investment?

A short-term large return or a gradual but stable return

Are you looking for a building for yourself or to augment your income?

What do you want and what do you NEED?  

 

Now that we’ve narrowed it down, here are some tips of things you should take into account:

WAREHOUSE

Location, size, price, fit (ceilings, doors, floors), parking, land to building ratio

FLEX SPACE

Size of storefront/display area, warehouse to storefront ratio, location, price, fit, parking

OFFICE

Size, location, price, fit, parking, bathroom, kitchenette, reception area, conference room 

RETAIL

Foot traffic (walkability), accessibility, parking, lighted intersection, daily traffic count, location, demographic, target market, size, fit, price

LAND

Size, location, price, fit

 

I'd be glad to guide you through the intricacies of the buying commercial real estate process. You can click on the Buying menu item to get a glimpse of the process or simply give me a call. I'm always here to help!