Long Island property investors are currently in a very lucrative market. House flips, multifamily rentals, industrial properties, adaptive re-use, and more are all on the rise. But in order to get access to the best listings and prices, Long Island property investors need to build a network of reliable and professional commercial real estate sources.
Long Island Property Wholesalers
Real estate wholesalers are very valuable resources when looking to acquire commercial real estate at excellent prices. For the most part, wholesalers are very particular about the people they work with, but they can be found if you know where to look. Some Long Island wholesalers work exclusively through personal contacts, while others place individual listings on Craigslist and similar sites. Search online forums geared towards commercial real estate in Long Island, or even talk to other people in the industry to see if they can introduce you to local wholesalers.
Join a Long Island CRE Group
One of the best ways to build a network is to join a group of your peers. LIREG (Long Island Real Estate Group) and CNLIBOR (Commercial Network of the Long Island Board of Realtors) are just two examples where Long Island property investors can get to know their peers, receive helpful information, and build a network of people and potential leads. Long Island CRE groups also hold seminars and workshops to discuss market trends and how to get more from your property investments.
Pounding the Pavement
Joining a CRE group and finding a wholesaler are not one-stop solutions. There are still many FSBO (for sale by owner) properties all over Long Island. Sometimes, the only way to get a lead on a potential revenue-generating property is to hit the streets. I goal is to always have something in the works to maintain a healthy cash flow. Some FSBO properties are not found in the local listings, and you will need to speak with the sellers directly.
A Dedicated CRE Financing Partner
Every property investment – from a simple flip to large construction – requires a reliable source of funding. Long Island property investors need a partner who understands the local markets, and who can provide solutions tailored to your specific requirements. Express Capital Financing specializes in commercial real estate solutions for Long Island property investors. Make us a part of your network, and we will help ensure long-term success for all of your commercial real estate transactions.