I share insights into why I ventured into commercial real estate, how I found the project through networking and the process of financing the property.
I delve into the specifics of the building, its initial condition, and the gradual transformation it underwent to increase its income and value, reflecting on the lessons learned from this project, emphasising the importance of networking, not solely relying on commercial agents' advice, and the impact of increasing income on property value.
KEY TAKEAWAYS
BEST MOMENTS
"The income affects value. So the more you can increase the income, the more down the track you can affect value and possibly leverage against that."
"I think, I'm hoping that by sharing a bit more details about that particular one, that you can see that actually there's a logic to it."
"I was scared. And the reason why I wanted a joint venture partner was because I didn't want to do it on my own. I wasn't sure if it was going to work."
"Our job on the consulting side of CPI, Commercial Property Investor, is to hold your hand through the process, to minimise the mistakes, and critically, to speed up the process."
JOIN THE NETWORK
If you want to learn more about investing in Commercial Property why not consider joining the CPI Network? A community of active investors who collaborate, share experiences and empower each other in their Commercial Property endeavours.
Useful Links:
CPI Website - https://commercialpropertyinvestor.co.uk/
Our Sponsors - https://commercialpropertyinvestor.co.uk/podcast-sponsors/