Recently I learned that commercial lenders are having to take back a surprisingly high number of buildings because the default rate for commercial real estate has jumped tremendously high.
As I was trying to figure out why this has happened I realized that the answer is very simple. It comes down to one thing and that is Buyers. With out the sources of financeing the buyer pool has been shrunk down.
So now if you have single family homes for sale or commercial real estate you have to find cash buyers and that is hard to do.
It is the same scenario as single family homes. I have wholesaled hundreds of houses but even now it comes down to finding cash buyers just like in has come to with commercial investing.
when will the lenders start lending money again?
according to what I am hearing it may be years before they start lending again
so it essentially comes down to this questions. Where are the cash buyers in my market?
Well there are many techniques to do that but the best way is to use a combination of online and offline techniques to sell your house or your commercial real estate.
The problem is that most commercial real estate owners quite frankly are not the young generation that came up with the internet at there finger tips. There are a lot of young owners, but still the majority by far are owned by the older generation who are not internet savvy.
IF you can, find the right information that actually works, and there is a bunch out there that does not, then you can start building a machine that finds buyers automatically for you every day online.
Selling real estate is not easy these days because of the high price tag and the limited ability to borrow money. So you must use all the techniques out there to increase your chances for finding a buyer for you real estate.