Double Your Commercial Real Estate Deals With Field Partners
Commercial Real Estate investors can double the amount of deals in multiple markets by using a Field Partner. Clearly a field partner can expand your market share, but what exactly is a field partner and what role do they play in doubling your deals?
Commercial real estate investors focus on being able to find profitable investment deals they can close. In other words, they succeed when they acquire commercial property in hot markets before their competition. The right investment requires the expertise of a seasoned investor who can determine market cycle opportunities that meet their investment criteria. A commercial real estate investor must be ready to simultaneously close a deal before the competition in multiple open markets .
Successful investors increase their ability to close deals in multiple markets by assessing risk and timing their entry into a commercial market with the aid of field partners.
A Field Partner is a representative you have on the ground in your investment market that can be more objective than a real estate broker. They can help you to:
-Locate properties
-Screen properties
-Take pictures or drive by properties
-Conduct on site due diligence
Who Makes an Ideal Field Partner?
An ideal Field Partner will have some understanding about the investment strategy of the investor. They will communicate clearly about the types of properties, price ranges and locations based on an investor’s requirements. A successful Field Partner is a trusted ally. A field partner can be paid a fee for their services.
It is best that your field partners are trustworthy, consistent and available. Family or friends can make good field partners when the relationship expectations are clearly defined and understood by both the Field Partner and the Investor.
A Field Partner must provide complete information to the investor. If possible, a field partner with some real estate experience, will be the best person to work with.
Ways to Find Field Partners
-Family or friends can make good field partners, as long as relationship expectations are clearly defined and understood by both the Field Partner and the Investor.
-Local real estate clubs also contain countless individuals who are already studying the market. Look for those who are interested in learning and wanting to work with you. It takes specific market information for an investor to make an informed decision to invest so working with someone who understands the investment process is helpful.
-Websites and the internet are other great resources. Their are multiple forums and real estate websites that bring together people of like mind and goals. People you find on these sites are already scoping out the market and already have team members of their own. Leveraging their resources will lesson your time and energy.
The ability to invest in several cities or sub-markets requires several field partners. A field partner can make your operation more efficient and accelerate your decision making process by verifying your due diligence data. Find the right people to join your team as field partners and you will double your capability to close deals. They literally can be an extension of your eyes and ears in the marketplace when properly trained. When you add this member to your team, you create another win–win relationship that grows with time in any market.
Learn more from a proven Investor Education Resource:
Investor Tours University is a dedicated resource helping investors build wealth and achieve their defined level of success. We offer state-of-the-art commercial real estate investing education, tailored to meet the needs of investors with varied backgrounds and experience levels. Our faculty consists of a network of national experts in legal, tax, investment strategy, property management, acquisition and sales professionals who practice what they teach investors, which is how to achieve generational wealth using commercial real estate.
Monte Lee-Wen is an author, CEO and the Founder of Investor Tours University. His website is http://www.investortours.com
ITU is a subsidiary of the Partnered Property Acquisitions Group, The PPA Group, of Austin, Texas. The PPA Group has holdings of over $40 million in commercial real estate with a projected target of over $100 million in commercial real estate acquisitions by the close of the forth quarter of 2007. Visit http://www.theppagroup.com
The PPA Group does business in all 50 states. Monte may be contacted at (512) 651-0513. ITU is the #1 educational resource for in depth commercial real estate investment education offering a proprietary investment system taught by Monte Lee-Wen.
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