If you’re feeling overwhelmed by the complexities of commercial real estate transactions, struggling to optimize your financial outcomes and need guidance on the best decisions, you are not alone!
Real Estate Mastery for Business Owners: Exclusive Buy/Sell Case Studies
In this episode of Napkin Numbers, Scott Lundt & Rahsaan Freeman review case studies they have seen through their work at Freeman Lundt, where business owners have bought or sold real estate in connection with their business.
You may have heard myths about commercial real estate transactions, such as you don’t need a commercial real estate broker and can use legal counsel to draw up an agreement for a transaction without any input from a broker. Scott and Rahsaan share the benefits and importance of having real estate brokers involved in commercial property deals for the best return on your investment.
You’ll hear insightful examples of buyers and sellers who made expensive mistakes by not having an agent’s expertise during negotiations. They explain how agents add value on both sides of a deal, from guiding due diligence and inspections to advising on tax implications and financing options. Working with an agent meant better loan terms and higher cash flow for buyers.
You won’t want to miss these first-hand accounts of how commercial real estate brokers maximize financial outcomes.
Napkin Numbers Talking Points
[1:11] Importance of Real Estate Professionals
- Scott highlights the value of hiring a commercial real estate broker to guide buyers through the real estate process, including market value, due diligence, financing, and potential tax savings.
[2:47] Emotional Attachment and Payment Risks
- The conversation delves into sellers’ emotional attachment to their buildings and the potential payment risks they face after selling.
- Scott also explains the implications of switching from owner-occupied to non-owner-occupied buildings.
[4:11] Role of Real Estate Agents
- The importance of real estate agents is emphasized, particularly in setting market rent rates.
- A real-life example is given where an attorney’s lease agreement lacked context for the rent amount, resulting in a significant discrepancy.
[5:31] Financing and SBA Options
- Rahsaan discusses financing options for buying real estate, highlighting the SBA’s 504 loans as a potential avenue for 100% financing.
- Listeners are encouraged to reach out for further discussion.
If you want to sell a business, please use our complimentary business evaluation calculator to discover what your business is worth.
