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.

Thursday, 14 July 2016

Waad Nadhir - Tips for Business Professionals in Leadership Positions

Waad Nadhir is a commercial real estate professional who has been working in the industry for several years. He is the current Co-Founder and President of BOSC Realty Advisors, and he also serves as a consultant for Steadfast Companies. He understands that being in a leadership or managerial position can be difficult; here are some tips for people in those positions.

When working in a leadership position, you need to be able to lead with understanding and compassion. When you have an employee who makes a mistake, for example, don’t get overly upset. You need to try and understand why the employee made the mistake in the first place so that steps can be taken to avoid it later on.

Successful leaders or managers are also able to give their employees space when completing their assignments. Trust is key to being a good leader who is respected by his or her subordinates. Don’t micromanage your employees too much, but that doesn’t mean don’t check up on them at all. Trust your employees to do their work.

Being a leader also means making sure your employees are motivated and work well together. Team building exercises are a great way to ensure that your employees are comfortable with the people around them, and that they trust themselves in the work place. Figure out the best way to motivate your team of employees, and show that you care about how hard they work.

Waad Nadhir is a commercial real estate developer who is currently working in a leadership position, and has been for several years. He takes the time to manage his employees.

Thursday, 7 July 2016

Waad Nadhir - Success Tips for Entrepreneurs in the Professional World

Waad Nadhir is a successful real estate developer and natural entrepreneur who has been working in commercial real estate for years. He is the current President and Co-Founder of BOSC Realty Advisors, and he is also serving as a Consultant for Steadfast Companies. He has experience operating his own companies, and can help other entrepreneurs as well.

When you want to be a successful entrepreneur, you have to do your research. This is key when making investments in companies, starting your own companies, or supporting those companies you think need it. Make sure you do research on the various businesses that will serve as your competition, as well as the typical clientele your company will most likely work with at your company.

A successful entrepreneur will also keep the consumer at the top of the priority list. Consumer wants and needs change at the drop of hat, and quite frequently. You need to be ready for these changes in need, and make sure that your company can adapt. As you become more successful, you will be able to notices these shifts in consumer trends before they really take hold.

Don’t forget to diversify. Entrepreneurs rarely are involved in one project at a time, unless that project demands their full attention. Just like investors, entrepreneurs need to diversify in order to get the most out of their money. The more companies you’re involved with, the better your chances of success.

Waad Nadhir is dedicated to his career in commercial real estate, and he is a natural entrepreneur in the professional world; he knows what it takes to create a successful business.

Thursday, 30 June 2016

Waad Nadhir - Useful Tips for Business Owners

Waad Nadhir is a commercial real estate developer and successful entrepreneur who understands what it takes to operate a business. He has a great deal of experience starting, growing, and even selling successful businesses, and he knows that it isn’t easy to do. Here are some useful tips for business owners looking to grow their companies.

If you want to operate a successful business, you need to develop a business model. Do some research in your target industry, and figure out what the competition is doing and how you can do it better. Developing a solid strategy for the future of your business will convince investors you’re serious about the opportunity, and that you’ll work hard with the support they give you.

Successful business owners also put a great deal of time into the hiring process when it comes to their employees. This is a process that you want to start immediately so that you can begin to develop a line of communication between potential candidates. Hiring the right people for the job will make all the difference when your company starts to conduct business.

Finally, you need to think about the customer or client when making every decision. Your company will only be successful if you can develop a client base, and grow it as time goes on. Remember that consumer wants and needs change on a regular basis, which means business owners need to be able to adapt.

Waad Nadhir has been working in commercial real estate for several years, and he knows what it takes to grow a successful business in a competitive market.

Tuesday, 21 June 2016

Waad Nadhir - Three Things to Consider While Developing Commercial Real Estate

Waad Nadhir is a successful commercial real estate developer who has been working in the field for several years. He is currently serving as the President and Co-Founder of BOSC Realty Advisors, and he understands how to be successful in the industry. Here are three of the most important things to consider when developing commercial real estate.

First, consider risk and return. In order to make a profit from commercial real estate development and property, you need to figure out how you can use it in the most efficient way. You don’t want to put too much money into a project if you don’t think the return will be worth it. Make sure you consider all of the risks going into a project before you start developing.

Second, consider holding the properties you buy. Some properties that you buy may not be worth developing at first, but can become more profitable as time goes on. This means you need to hold some of the properties you buy until they become profitable. BOSC Realty has owned both Brea Plaza in California, and Topinka’s Plaza in Michigan for twenty-five years.

Third, make continuous improvements on your properties. Commercial real estate development is all about make constant improvements to the properties in your portfolio. Consumer wants and needs change, and so do communities themselves. In order to keep up with these changes, you have to make improvements in order to remain profitable.
Waad Nadhir is dedicated to his career as a commercial real estate developer, and he continues to grow the success of BOSC Reality Advisors with every new project.

Saturday, 4 June 2016

Waad Nadhir - Three Essential Factors in Retail Property Development

Waad Nadhir is an expert in property development, as the President of BOSC Realty Advisors, he has helped develop several retail and office space properties throughout Michigan and beyond. Nadhir is also a consultant for other companies. Here are his three essential factors in retail property development:

  • Foot traffic. For any brick and mortar store to survive, it must be set up to sustain and attract as much foot traffic as possible. Waad Nadhir tries to set up new developments in high-traffic areas of a city or community. Rents are higher her for store owners, but it is well-worth it for sustained business success.
  • Size of the new development. The size of the incoming store must match the needs of the community. A store too big will draw community resentment, and retail properties that are too small won’t have a chance. Waad Nadhir helps developers find this tricky balance by working closely with the community and understanding its needs before he begins work on a new retail space. Having a small retail space next to a large one can be profitable, but more than one in the same area as a large retail space is usually too risky.
  • The right tenant mix. The stores around the retail space should complement the new business’s products or services. The new retails space should cater to relatively the same demographic as all the others.

Waad Nadhir has helped developers negotiate and find the best balance for their new properties.

Wednesday, 25 May 2016

Waad Nadhir - The Entitlement Process for Properties in California

Waad Nadhir is expert in the world of entitlement properties in California. One of the many projects that Steadfast has been sponsoring since Nadhir started working with them is a series of senior living developments in Southern California. Due to zoning and property development laws in the state, the entitlement process can be very complex and lead to many costly delays if not followed carefully and properly. Nadhir has helped BOSC Realty navigate this process numerous times in his career.

Development projects need approval from the community where the development is taking place to proceed. The entitlement process exists to ensure that both the developers and the community are getting what they need and want from a specific project. Waad Nadhir works to establish relationships with community leaders and to iron out any legal issues (such as zoning or community dissent) before any work on the development starts to avoid problems that could delay or halt the project. Waad Nadhir also sets up a positive community outreach system to build good publicity for a new entitlement project in a given area.

Waad Nadhir built his reputation on his experience and knowledge of the development process in different parts of the United States. His experience running his own retail businesses also helps in his work today as a property development specialist and consultant. He has completed many projects in many different communities.

Tuesday, 17 May 2016

Waad Nadhir - Renting a Retail Space

Waad Nadhir has worked for many years in the property development industry in his community of Bloomfield Hills, Michigan. As the President of BOSC Realty Advisors, he has managed, financed, and acquired many properties in the area, including retail spaces and office parks. Nadhir has helped create opportunities for new businesses to come into his community and set up shop. Here are three important first steps to selecting a retail space for a new business owner:

  • Strategic location. A business owner himself, Waad Nadhir knows how important it is to know your customers. When picking a retail place to set up shop, you have to ask yourself what about a place will be appealing to them when they choose to come to your store. Know the demographics of the neighborhood, study the other businesses: what do they sell, how are they set up? Find out if your new business will be a good fit in a given area.

  • Consider a broker. Brokers charge hefty fees sometimes, but they can also be worth it in the long run. Waad Nadhir works closely with many property brokers as a part of his job. Brokers can act as “buffers” between you and the sellers of the property. They can negotiate on your behalf, find you better possible locations, and much more. 

  • Make sure to inspect the property. This may be a no-brainer to some, but when you’re inspecting a property, make sure to take note of specific repairs you’ll have to do and possible maintenance issues that may arise.

Tuesday, 10 May 2016

Waad Nadhir - Three Strategies for Making Profits off of Your Land

Waad Nadhir is an experienced property developer and knows how to make profits from land ownership. He has many years of experience as a broker, business owner, and property developer. He is currently the President of BOSC Realty Advisors in Bloomfield Hills Michigan, where he works hard to acquire and finance new properties and consult with other property developers from all over the country. Here are three strategies for you to make profits from your land:

  • Rezoning and developing. Waad Nadhir has helped companies that have acquired land zoned for a specific purpose and developed the land when it becomes rezoned. Sometimes land zoned for residential use in some areas is more valuable than land zoned for industrial work, for example. It all depends on the location and the general economic state of the region the land sits in, among other factors. Most recently he obtained a Conditional Use Permit for Steadfast Companies in the Santa Barbara, CA area so they could convert an office building into a senior housing project.
  • Development. This is the bread and butter for Waad Nadhir and his employees at BOSC Realty Advisors. Development is probably the most lucrative and the most difficult way to make a profit from your land holdings. There are the costs of getting it approved for development, the construction costs, themselves, and building permits to start and ultimately leasing the project.
  • Buying and holding. Sometimes the best thing to do with your land is hold it and wait for it to become a more ideal place for development or rezoning. You’ll need to know the general land property value in the surrounding area to make this work in the long term.

Waad Nadhir has many years of experience helping to finance, acquire, and develop properties.