The United States’ house prices increased steadily since 2012, more than 25%. As a result, many want to become real estate investors for the first time. This impressive growth was accompanied by very low interest rates, leading to the possibility of making a considerable profit. Being a new venture, one should learn as much as they can, about how to buy a property. Commercial real estate investor and Founder of CTK Real Estate, — Chris Kamberis has recently shared his expertise and a few tips that will help new investors who are entering the market.
“There are a multitude of factors that determine real estate value, and the investors who consistently see returns are the one who take time to educate themselves about all aspects of the project”, says Chris Kamberis. They know the location and the history of the place, because understanding what drove the early development or the area is a key way to find potential neighborhoods that may have been forgotten and potentially undervalued here in the present.
Evaluating the overall local economy and assessing current growth trends is a vital component to successful property investing. Is the population growing, and in which parts of town? What new developments are planned that will likely spur additional growth and boost land values? What are the transportation issues in the area? Is there substantial infrastructure for the future population or will the local government need to expand roads or add rail lines – which usually means increasing real estate taxes and tends to make neighborhoods outside those municipal boundaries more attractive to residents and businesses.
The most important piece of advice, which ultimately guides everything else, says Chris Kamberis, is “to always treat your business like a business, and not a hobby. Real estate investing is a matter of cash flow, value and long-term planning; it is not an emotional transaction. The way buying your primary residence may have been.” It is essential to write a business plan that covers one, three, five and ten years. Create systems, process and rules that guide you like clockwork, objectively rather than subjectively.
With over two decades of experience, Chris Kamberis has established himself as a leader in the commercial real estate market. As the founder of CTK Real Estate, he is known for his accurate research and strategic analysis, and as someone who can recognize potential in any economic climate. To date, Kamberis has been attached to projects with some of the world’s biggest corporations, including Bank of America, JP Morgan Chase Bank, Fifth Third Bank, McDonald’s, Burger King, BP Products North America, and Starbucks.
Chris Kamberis - Property Expert and Founder of CTK Real Estate: http://www.chriskamberisnews.com
Opus Development plans 256 apartments over retail in Westport: http://www.bizjournals.com/kansascity/news/2017/03/06/opus-development-westport-256-apartments-retail.html
New Westport player flips one of his properties for Opus' redevelopment: http://www.bizjournals.com/kansascity/news/2017/03/07/ctk-group-developer-chris-kamberis.html
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