5 Ways to Find Distressed Commercial Properties
Many real estate investors branch into commercial real estate – and often, they’re looking for distressed commercial properties. But if that was a path you were interested in taking, how would you find the right places to buy? Check out this guide, which offers five ways to find distressed commercial properties to find out.
5 Ways to Find Distressed Commercial Properties
There are five great ways to find distressed commercial properties that may be great investments:
- Search commercial investing websites
- Talk to commercial real estate brokers
- Talk to lenders
- Network with other investors
- Send out mailers
Here’s a closer look at each.
Tip #1 for Finding Distressed Commercial Properties: Search commercial investing websites
There are dozens of commercial investing websites, and many of them feature special listings and search filter tools that can help you find distressed commercial properties. Look at your local real estate agents’ pages, too – many agents include listings and descriptions on their personal sites.
Tip #2 for Finding Distressed Commercial Properties: Talk to commercial real estate brokers
Commercial real estate brokers can help connect you with distressed properties. Often, they know about properties that haven’t hit the market yet – and those that appear to be in distress before an owner attempts to sell them.
Tip #3 for Finding Distressed Commercial Properties: Talk to lenders
Lenders often know about distressed properties before others do, and many even feature listings on their websites. Check with local lenders online and in person to find out what you can about commercial properties that may be in trouble.
Related: What’s a tax sale property?
Tip #4 for Finding Distressed Commercial Properties: Network with other investors
Other investors always have their ears to the ground, and that means they know about opportunities that you may not know about. Often, people who aren’t interested in commercial real estate still have the scoop on these types of buildings.
Tip #5 for Finding Distressed Commercial Properties: Send out mailers
If you spot a commercial property that appears to be in distress, or if you hear anything about a property that you may be interested in buying, send out a mailer. Direct mail gives you the opportunity to connect with people in a pressure-free way, too, which means they can reach out if they’re entertaining the idea of selling.
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