How to Build An Effective Commercial Real Estate Comfort Zone

Goal: Steps Necessary to Establish Comfort Zone

Concepts to Build your knowledge

Listings Services
FSBO
Active listings
Tax Assessor
Map Quest
Zoning Maps

Initial Comfort Zones

1. Close proximity
2. Limited number of opportunities
3. Within one governing area
4. Well-defined area

Key Factors to Becoming Expert in your Area

1. Learn the simple things
2. Get the right tools
3. Keep records of important data
4. Research what happened in success stories
5. Build walls around your comfort zone

Comfort Zone Checklist

Building setback minimum allowed by zoning code
Building heights allowed by zoning code
Commissioners (city and county) for the zone
Emergency plans for storms or other emergencies
Fire code
Fire stations serving the zone
Libraries serving the area
Master plan for transportation and traffic ways for the zone
Nearest emergency room and hospital
Public transportation
Public parks in the zone
Residential density per acre allowed by zoning code
School districts
School locations
Shopping areas for the zone
Storm or emergency shelters
Utility upgrade plans for the zone
Zoning Codes

Choosing your comfort zone

1. Pick two categories of real estate you want to own
2. Discover what kind of zoning allow that use.
3. Review the city zoning maps for that zoning code
4. highlight the areas of town with that zoning
5. Drive around town and decide what areas appeal to you
6. Combine one or more areas until you have mini of 100 properties
7. Mark the boundaries of these areas.
8. Watch for notices of public meeting or homowner meeting pertaining to your zone
9. Begin to become an expert in each area.