Monday, 27 February 2017

Waad Nadhir: City of Brea Commendation

Waad Nadhir is the Co-Founder and President of BOSC Realty Advisors. He has decades of experience through the company and, since 1989, Mr. Nadhir has achieved impressive success through the company. 

BOSC has developed commercial properties across the United States. It has also developed three retail concepts – two of them became highly-successful endeavors. Waad Nadhir has, as President of BOSC Realty Advisors, acquired, developed, financed, leased and managed shopping centers, office buildings, medical office buildings and single tenant buildings for Blockbuster Video and CarChoice Automotive Superstores. 

In recognition of the company’s excellence, it received commendation and recognition from the City of Brea on February seventh, 2017.

The Brea City Council recognized BOSC Realty Advisors for several noteworthy accomplishments, including a commitment to ‘green’ design for future developments, the revitalization of assets, the 2016 Business of the Year Award and a significant contribution to the success of Brea.
As the Co-Founder and President of BOSC Realty Advisors, WaadNadhir graciously accepted the City of Brea commendation. 


Wednesday, 19 October 2016

Waad Nadhir - Real Estate Negotiations

As co-founder and President of BOSC Realty Advisors, Waad Nadhir has an extensive experience in real estate negotiations.

You may have a lot of work ahead of you even after you find a commercial real estate property you’d like to buy. Let’s assume that you found a property that you’d like to acquire and it costs $500,000. If you have $500,000 in cash in the bank, then you can simply make an offer for the asking price, sign a contract, wire the money and close the deal. If you have an approved line of credit for a bank for the required amount, then the transaction will also be easy.

However, it is also possible that you do not have the full amount of money in cash or credit line. You may not be willing to pay the asking price. In this case, you will have to negotiate the price, size of down payment, loan terms with your bank including interest rates and collateral, lengths of tenancy leases and so on.

The key to every negotiation is preparation. You want to collect as much information as possible about the property, the sellers and their reasons for selling the real estate. For example, if you find that the seller or the real estate agent are slow to respond, unprofessional and sometimes even rude, then you know that your competitors will most likely pass on the deal and you will have more leverage in the end.

Negotiations are called negotiations because they include give-and-take. You need to establish what is important to the seller and be clear with yourself about what is important to you. It is ideal if different parties care about different things. Experienced professionals like Waad Nadhir can easily make a deal in this scenario.

Wednesday, 28 September 2016

Waad Nadhir - How to Build Relationships with Financial Institutions

Waad Nadhir has been in the real estate business for more than twenty-five years.

Once you prepare and outline your pitch for the banks, print multiple copies of it. Visit several banks and personally deliver your proposal. Doing so will show the bankers that there is a real person behind the potential deal. It will also help your proposal not end up in “to be read at some point later” pile. Also, let every bank you visit know that you are talking to multiple financial institutions.

Getting commercial real estate financing is an economic activity. Just like with every other economic activity the laws of economy apply, including the law of supply and demand. If banks are doing well and are looking to make deals, you can be bolder during your negotiations. If funds are scarce, you may need to accept a higher interest rate on the mortgage. Whatever happens, keep your eyes on the prize and think long-term. What will matter in ten, twenty and thirty years is that you bought the property you wanted.

Once you make your first few deals, the banks will start getting really interested in your offers and properties. They will be very interested to see the changes on your statements of assets and liabilities. Bankers will suddenly start making small talk about how you find your properties, what is going on with your current properties and so on.

You have probably heard the saying that “if you owe a bank $1,000, you have a problem, if you owe a bank $10,000,000, that’s the bank’s problem.”
If a bank gives you a lot of money and you pay it back, the bank will want to give you more money. They will start inviting you to business lunches and events. They are much more interested in giving a significant sum of money to someone they think will pay it off than deal with a lot of strangers off the street borrowing small amounts.

At a certain point, the banks will start trying to impress you. If you are just getting started or have a few properties, you will probably have to get financing on each property individually.

However, as your portfolio grows in size, you may reach a point where it is beneficial to you to consolidate your properties into one portfolio and obtain an umbrella mortgage. Umbrella mortgages are usually much more flexible compared to single-property mortgages. They typically allow investors to buy and add or sell and remove properties from the mortgage without it being affected.

Another advantage of umbrella mortgages is lower application and transaction fees. Finally, when you build a relationship with a financial institution, they would often finance your new projects after doing just a bit of rudimentary checking. This can be helpful because it significantly decreases the time between application and approval and allows you to make quicker and better deals. The ability to make such deals is what gives real estate professionals such as Waad Nadhir an additional advantage in the marketplace.

Monday, 5 September 2016

Waad Nadhir - A Short Guide to Developing Commercial Real Estate

Waad Nadhir is a commercial real estate developer who has been successful throughout his lengthy career in the field. He is currently serving as the President and Co-Founder of BOSC Realty Advisors, and he is also a consultant for a Steadfast Companies, which is property management and development company. Here is a short guide to success in commercial real estate development.

Understand that location is the most important factor in your decision to lease or own commercial real estate. You need to pick a place that you know will have a decent amount of foot traffic, that is in an up and coming community, and is surrounded by businesses that will be conducive to your purpose. The location can ruin a good business, and it can make an average business successful.

Don’t be afraid to hold off on developing a property until it become financially optimal to do so. This is a common practice amongst professionals in the industry because some land can be worth more when developed at a later time. This is especially true if you’ve invested in land in an area you know will be on the rise in the near future.

Commercial real estate needs to be continuously improved in order to be lucrative. Customer wants and needs change all the time, and you have to update your property in order to serve these changes in interest. All things change over time, and this includes the property you rent, control, or own.

Waad Nadhir understands what it takes to be successful as a developer of commercial real estate for his company, BOSC Realty Advisors.

Tuesday, 23 August 2016

Waad Nadhir - How to Lead in a Professional Setting

Waad Nadhir is a business owner, entrepreneur, and commercial real estate developer who has experience working in leadership positions for several companies. Leading in a professional setting can be difficult, and there are some things that all business leaders should understand when it comes to working with their employees. Here are some tips for leading in a professional setting.

As a leader in business, you need to trust the people who work for you. This is essential to having a productive work environment because it will mean that you don’t micromanage through your position. Having trust in your employees means that you believe they are capable of completing daily tasks without your supervision, which will keep things running efficiently.

Always lead with compassion and understanding. If you have an employee who regularly completes their work without issue, don’t get overly upset when a mistake is finally made. Simply address the mistake with your employee, and use it as a learning experience for all those involved. This will also make your employees feel comfortable in the work place.

You need to understand the difference between a lack of motivation, and a lack of skill when dealing with an underperforming employee. If there is a lack of skill, these can be taught in a relatively short amount of time, but a lack of motivation will require more care on your part as a leader. Figure out what motivates an underperforming employee, if it is not an issue of skill.

Waad Nadhir has been a leader for a variety of businesses, including the companies he founded himself; he trusts his employees.

Wednesday, 17 August 2016

Waad Nadhir - How to Be a Successful Entrepreneur

Waad Nadhir is a businessman, entrepreneur, and commercial real estate professional. He is currently serving as the Co-Founder and President of BOSC Realty Advisors, and he has developed other businesses as well. Being an entrepreneur and creating your own success can be difficult, but here are some useful tips all entrepreneurs should keep in mind during their careers. 

Don’t be afraid to take risks. Being an entrepreneur is all about taking risks in order to reap your rewards; don’t be afraid to take some risk in order to do big things. Doing some research before jumping into a project can help alleviate some of the unknowns, but there will always be some risk involved that can’t be helped. Learn to enjoy the risks when they pay off in the future. 

Develop a strategy in order to maximize your success. Entrepreneurs need to be able to strategize when it comes to their projects so that they can rest assured their investments will pay off. This can come in the form of research, having a business model, or even simply involving yourself in an industry you already know a good deal about. A decent strategy will pay off in the long run. 

Always research before getting involved in a new project. As an entrepreneur, you need to be able to minimize as much risk on your end as possible so that you have a better idea of what you’re getting into. Research in the industry, the top players, who your competition will be, and so on. 

Waad Nadhir has been developing businesses for several years, and he’s sold many of his companies.

Saturday, 6 August 2016

Waad Nadhir - Three Useful Tips for Making Your Commercial Properties Profitable

Waad Nadhir is a commercial real estate developer who has been working in the industry for several years. He is currently the President and Co-Founder of BOSC Realty Advisors, which is known for developing and acquiring commercial properties. Here are three very useful tips for commercial real estate owners to keep in mind as they make their properties profitable. 

Development is perhaps the best way to make money from your property, but it can also be the most difficult. Developing your property requires you to consider the financial aspects of the development itself, get the land approved for development before you even begin, as well as construction and building permits as well. 

You can also make money from your property by rezoning before you develop. Sometimes land is zoned for a particular purpose or reason, but can be rezoned later on down the road. Waad Nadhir, as a consultant for Steadfast Companies, was able to obtain a Conditional Use Permit in Santa Barbara, California so that the company could develop a senior housing project instead of an office building. 

Don’t forget that you can hold your land, and save any changes for when the area becomes more lucrative. If you purchase a commercial property in an area that’s on the rise, it may be more beneficial to wait for the right time to start developing or making any changes. Having patience can be more beneficial than making any developments right after your purchase or lease.
Waad Nadhir understands how to make commercial real estate properties profitable, and he strives to do that for every property his company is involved with.