Commercial Property Investment: Opportunities and Challenges

Vacant commercial properties can be repurposed for profitable businesses with proper planning and execution.

### Strategies for Investing in Commercial Properties Revealed by a Real Estate Mentor
* 💰 Commercial properties in shopping districts often face a decline in value due to the district's changing fortunes, leading to many vacancies and **fears among investors**.
* 🏢 Some investors strategically target shops in areas with many vacancies to **acquire them at lower prices**, as these properties can still be profitable if **utilized properly**.
* 🐕 Pets like dogs and cats are considered family members by many, leading to the popularity of services such as **veterinary hospitals and pet grooming**.
* 🏬 Instead of focusing only on prime locations, investors can consider operating businesses in **less popular commercial properties** to generate income.
* 🚧 Before changing the use of large vacant commercial properties, it is recommended to consult with an architectural design office to address any **property-specific issues**.
* 🔥 When converting commercial properties into one-room accommodations, the most important factor is **ensuring compliance with fire safety regulations**.
* 💸 The commercial property market often experiences **significant price drops**, making it important for investors to **deeply study investment strategies**.
* 🔔 The real estate mentor will hold Vep Auction classes to share information and help **beginners with real estate investments**.

When we look at the items in our shopping district, we often see many unpopular stores. In fact, it is inevitable because this business district does not guarantee eternal prosperity. When this business district dies, the value of the stores also decreases regardless of their age. So many people are actually afraid. As we pass by, sometimes we see places with a lot of vacancies, and we think, Oh, it's dangerous to have a store here. Once a vacancy occurs and six months pass without being filled, we think, Oh, that store must be struggling. We encounter these situations a lot, so in reality, many of you may have a lot of fear in your hearts. This fear is directly reflected in the prices at auction sites. Originally, even if it was offered for sale at 800 million won, if no one moves in because the market is bad, who would buy it even if it drops to 200 million won?

No one is doing that. Yes, this is both a disadvantage of the market in the shopping district, and I want to introduce it to you as a disadvantage and an advantage within that. For those shops, how can you get the bid and then cook? If you ask, some intentionally go to areas with many vacancies and only look for shops there to get the bid. Who do you think they are? Now, think about it. In places where there are quite a few vacancies, even if the evaluation was 800 million and it drops to just 200 million, some people wait only for that drop to get the bid. Yes, there are people who are waiting for that bid. What will they do if they actually get the bid? Think about it. I'm talking about representative things like this. For example, in places where there are a lot of vacancies, there are apartment buildings with three generations, but around them, there are shop buildings.

The commercial building has been vacant for several years, even though it is on the first floor. Will it be popular or not? Even if it goes up for auction, there is no popularity. However, many properties fail to sell and fall behind. Why is that? To use it as a warehouse? No, not as a warehouse. It's not a shared office space. Even though it's an old shared office space, it's tough nowadays. If a shared office space is actually set up, many places end up abandoned. It's not visible on the surface, so you need to be careful about shared office spaces. In reality, if a shared office space is operated with 30 units, at least 20 or 22 units need to be occupied for it to be sustainable. However, in reality, many cases don't even reach half of that. Be careful, everyone. Don't just focus on the positive aspects. Now, let me provide an answer. Should I say a veterinarian who takes care of dogs? Or cats?

These days, there are so many pet cats and dogs, right? I also have a dog. What do you all think? Oh my, really, those who have raised a pet once seem to continue raising them. Before I raised one, I didn't know about this. I had an experience in the past. I went to a valley with a dog. We were having fun together, so to avoid causing any trouble to people, we were playing happily in a corner, letting the dog swim and laughing. But an old man over there got angry. He said something like, People are playing, but this darn dog is just playing around with people like that, does it even know how to behave?. He got really mad, saying things like, Am I supposed to clean up after its poop and pee? At first, I was puzzled, but then I thought, if I were in his shoes, I wouldn't have felt good either.

I think I also forgot about it while raising this child, what story should I tell, so I'm getting depressed and sad now. So, I went to a place where there are few people, played with a dog, and remembered it. Oh, at that time, I was deeply hurt, but later I realized that I used to feel the same way before raising a dog. Oh, but I changed. What I mean is, when you meet a pet like a dog or a cat, they are just family, they are like children, really, because they are family. Those of you who haven't raised them wouldn't know, but those who have raised them would know. That's why there are places like veterinary hospitals. So, when you go to take your dog for an examination or something like that, how is it? Oh, dogs have a sense of things. But they don't easily go into that house.

So, if this is something that parents or doctors did wrong, it's not important. Even if the likelihood is high, if the puppy feels uncomfortable emotions, as a parent, how can you handle it? It won't go back the same way, it will go elsewhere. What does this mean? It means that such places are visited by people. Even if the value of the shopping mall is low, if we win the bid and open such a place, it doesn't matter, right? It will make money. Do you understand, everyone? Then, you may have questions here. Ah, mentor, right? So, if veterinarians benefit from it, how do I get qualifications for that? We're talking about something unreasonable, right? Yes, that's correct. It's an unreasonable thing to say. However, besides that, there are many similar things. One of the typical ones that I would like to mention.

What can we expect if we go there? There are people who groom dogs, right? They cut the fur neatly and take care of the tail, right? Those things, things like that. Our dog should follow, what should I say, the groomer should do it. I don't know much about it because I'm not an expert. Our dog prefers the groomer who doesn't know much. I drive in the direction that our dog likes, even if it takes 10 minutes or 30 minutes to get there. So, you have to come looking for it like this. Even if you receive a bid for these things, you can operate it well. Do you understand that? You need a significant certification for that. Of course, you need some training time, like trimming nails or doing things like that. You need to put in effort and learn various things. However, what kind of professional is that?

It's not asking you to do it, but it's something we can operate with a little effort, right? So, instead of always trying to get a good location, if you try with a not-so-good location, you can see that it also makes money. For example, even if you win the bid for a shop that can only rent for 1 million won, it's actually hard to rent it for 1 million won. You might be lucky to rent it for 600,000 won. So, instead of thinking about paying 600,000 won and paying interest, think about doing business with it and earning 5 million won a month. Even if you earn 7 million or 4 million won a month, it's better than monthly rent, right? And how happy and reasonable is it to do business in your own building? You didn't know there was such a way, did you? And one more thing, let me tell you one more thing. Nowadays, near the station.

There are large commercial properties with a lot of space, but surprisingly, many of them are hesitant to find tenants. They are often filled with signs, making it seem like they are not vacant from the outside. However, when the previous tenants leave, they often just leave the sign as it is and go. It is common for both the owner and the landlord to avoid the cost of reinstalling the sign. When a new tenant comes in, they usually just change the name on the sign. Therefore, incoming tenants tend to have less dissatisfaction with that aspect. There are various situations like this, so it is not advisable to judge solely based on the presence of the sign.

Well, even if you investigate, it seems difficult to match the lease for those large shopping centers. So, what could be the solution? These places are often vacant even though they are near subway stations. What cooking method could there be? Demand is actually high, but there is a shortage of supply for one-room and goshiwon accommodations. I would like to recommend those. This is a very important point. There is high demand, but the supply is scarce, especially near the stations. So, there are places like that. Give them a call. Sometimes, it may be difficult to find long-term accommodations, even if there are one or two available. Some places require you to make a reservation now to move in after three months. If you look into it, you will find out. This market is structured like this. So, because these vacant shops are not popular originally.

It's a commercial property that has been vacant, so these properties, which have failed to lease out, naturally don't have much money left even if they try to rent out, so it's a situation where vacancies occur. Instead of just looking at it as rental income, let's consider it from a different perspective and use it for business. If you think this is a good idea, can all these large vacant commercial properties be operated like that? Not really. Therefore, I recommend that you consult with an architectural design office in advance to proceed with such a change of use and ensure that there are no issues with the property. Because depending on the purpose and the local conditions, it may or may not be possible, right? So, for example, typical studio apartments...

Do you know what you need to pass first in order to take the civil service examination for firefighting-related positions? You need to pass the firefighting-related examination first. Once you pass that, you can get approval from the district office. Then, what are the most important things that the fire department checks? Let me tell you. First of all, if there is a corridor, of course, there will be a corridor because there will be rooms in a one-room house, right? So, there should be a corridor, and the standard for that corridor should be over 1.5m. Also, I don't know if you are aware, but a few years ago, there was a very unfortunate incident. There was a fire in a one-room house or a gosiwon, and six people lost their lives because the fire safety measures were not properly in place. Since then, the fire regulations related to this have been significantly strengthened.

Spring sprinklers should be installed in each room, including the corridors, of course. Do you have these things available, and if so, have you researched how much it would cost to prepare them? You should be able to prepare the items in advance. What else is needed? In places like hotels or one-room accommodations, there must be two staircases without fail. One is a regular staircase, and the other is an emergency exit, right? Whether it's this way or that way, it doesn't matter, but in any case, there should be two passageways. Depending on the situation, some cases involve creating a metal staircase as an emergency exit through the outer wall. In any case, if the building has staircases on both sides, it meets the conditions for these requirements, so it is much better.

You must understand this clearly, it's very important. Each room should not be roughly decorated with just any materials, but the interior finishing must be done with fire-resistant materials. For example, as we commonly know, gypsum board is a fire-resistant material. We should use wall coverings made of fire-resistant materials on the surface, not just regular wallpaper. If you don't finish with materials like these, the approval from the fire department will not be granted, so you won't be able to pass. Therefore, you need to be aware of these things. So, what is the most important item? It's the staircase. If you have to rebuild it, it's expensive. Of course, there are ways to take it outside, but whether it's feasible or not depends on the building. You need to check this in advance. This is crucial.

It's basic, but that's not important. When looking at commercial buildings, what we talk about is that there should be two staircases on both sides. There should be two corridors. This involves significant costs. What else is needed? You need a sprinkler cooler line. If a fire breaks out from above, this machine will spray water. Because even if it's not there, it needs to be installed, so you need to investigate the cost for that part. And for the rest, you can receive benefits related to interior work by doing things like construction related to that. So, that shouldn't be a problem. Do you understand? I'm talking about your commercial properties. Nowadays, there are a lot of vacant commercial spaces, especially in Gyeonggi Province. Even when the economy is not doing well, do a quick search.

When you try, it's 150 million won, but it drops to 170 million by 17. So, unpopular items drop like this. Look at this too. It was appraised at 930 million won, but it dropped to 38 million won. Oh, here in Seongnam-si, Sujeong-gu. It was appraised at 2 billion won, but dropped to 980 million won. For commercial buildings, the market is like this. It was 610 million won, but dropped to 210 million won. You didn't know, right? Yes, you didn't know that the commercial market is operating like this. Why? Because, especially for those who are new to auction, public sale, real estate investment, it's not easy to even choose to invest in commercial buildings. It's scary, no experience, and oh, until now, seeing many vacancies, it doesn't really appeal to you. However, even in the midst of that, deeply studying how to invest money is important.

If it's possible, the child's item has the conditions that suit it. Should we try this as the mentor suggested? I brought the content of this broadcast to offer you a new pipeline where you can try cooking again. I hope it will be helpful to you. There is no real estate that doesn't make money. Depending on who the owner of that real estate is, it can really be turned into a gem or even turn a very good real estate into trash. In the end, it's all about who does it well. If only I do it well, if only I know it, I could have utilized it. So, are there any of you who are struggling with the real estate you currently have? Come to Vep Auction. Yes, I will help reduce your difficulties. Our Vep Auction will be held this week in June.

This week, the weekday class will be on Thursday, and the weekend class will be on Saturday. We kindly ask for the interest of our beginners. We will share information and help each other. Oh, it's been a while since we last met. Nice to meet you, Mr. Lee Kwon. Miracle, Mr. Im Ji-ho, Killer Jin-sang, or Yu Jin-sang, right? Yes, of course, you know the voice call owner with 10 million won investment, pulling out a 40 million won loan, started like that, but after six months, earned 1.5 billion won. Shouldn't the young man's name not be mentioned when talking like this? Anyway, sorry. Nice to meet you. It's written as Killer in English, so I understand. Mr. Dongs, I heard that the steps in Gositel vary depending on the number of floors.

Was it two stories high? Do you know a little bit about that? Thank you for the small tip, sir. Thank you for the meal, Mr. Doo-Doo. Hello, Master Hunmin. To the members, I really want to have a store. Yes, let's all become building owners. Fighting! I will support you. Master Min, Master Lee, I will support you in the 171st round. As for Sowon from Aria, I studied through books and tried bidding for an apartment once. Now, I am thinking of retiring and starting auction business in earnest. I am a woman in my late 50s. I am getting a lot of help watching the videos. I am waiting for the opportunity to ring the bell at the academy. Right, if Sowon from Aria comes to our distribution auction, please tell her that I am Sowon from Aria. Can you please explain what Sowon from Aria means? How can such an idea be born?

It seems really amazing. It feels like something out of the ordinary, right? Hello, Hwang Gil. Thank you for the great information today. Yes, thank you. Hello, Love and Peace. Yes, you greeted me. Oh, many others have greeted as well. Hello, Choi Hyun-joo, on your 245th day. Good. Hello, Badatguda, on your 131st day. Thank you. Artini, on your 5341st day. Oh, when Mentor Sunda mentioned, I will post the questions related to children on Saturday for you to answer. Geunni Cheon, you've registered and done everything. Now, everyone, that's right. Thank you. Thank you, Taepu Sung, and everyone. It's a very lively and exciting sunny Monday morning. Yes, everyone, today as well, the wind that was helpful. So, thank you very much for spending this precious time together in this finite life. If you want to become a happy rich person every morning.

Good morning, everyone. I will meet you again tomorrow morning with a lively appearance. I have been your mentor, Fox's Sungjae, so far. Let's do well together.

베프옥션 경매멘토 이성재

The Impact of Vacant Stores on Shopping Districts

Vacant stores in a business district can decrease the value of the area and create fear among potential buyers.

The presence of numerous vacancies can also lead to lower property prices and attract bidders who wait for the value to drop.

The struggle to fill commercial buildings, including shared office spaces, can significantly impact their sustainability and requires careful consideration.

The Impact of Pet Ownership on Mental Health

Spending time with a dog helped alleviate feelings of depression and sadness.

Pets, like dogs and cats, are considered part of the family and can have a profound impact on emotions.

The pet care industry, including veterinary services and dog grooming, can be a profitable business with the right qualifications and effort.

Repurposing Large Vacant Commercial Properties

Many large commercial properties retain old signs when tenants leave to avoid reinstallment costs.

The high demand for one-room and goshiwon accommodations near subway stations makes them a recommended solution for repurposing vacant spaces.

Some properties require reservations months in advance, reflecting the challenging market structure.

Repurposing vacant commercial properties requires consultation with an architectural design office to ensure compliance with regulations, especially regarding firefighting-related safety measures and building approvals.

Fire Safety Requirements for Commercial Properties

Commercial properties need to have sprinklers installed in every room and corridor, as well as two staircases for emergency exits.

The interior finishing must be done with fire-resistant materials like gypsum board to receive approval from the fire department.

The most important item to consider is the staircase, which can be expensive to rebuild, so it's crucial to check the feasibility in advance.

Fluctuating Real Estate Prices and Investment Opportunities

Real estate prices in various locations have seen significant drops, making them more accessible for investment.

The broadcast promotes the idea that any real estate has the potential to be profitable with the right knowledge and management.

Vep Auction is hosting upcoming classes to support beginners in real estate investment and provide information and assistance.

Confusion and Irrelevance in the Conversation

The text is a jumble of disconnected greetings, expressions of gratitude, and random thoughts.

The speaker seems to be contemplating a career change and seeking identity and purpose.

The overall tone is cheerful and positive, but the content is scattered and lacks coherence.

인기 없는 상가 낙찰 받아 이거 하세요 -2252회

인기 없는 상가 낙찰 받아 이거 하세요 -2252회