Video Headlines:

What is an NPI, difference NPI 1 VS 2?

Purchasing a Commercial Condo

The Mystery Of Medical Coding

What is Fraud Investigation?

What Is Practice Succession Planning?

Overhead Business Expenses

Patient Education

Communication Vs Branding

How to Determine a Timeline to Open Your Medical..

Information Systems and IT for Doctors

In-House Doctor Credentialing VS. Outsourcing

The Medical Coding Company That Could

Practice Publication Marketing

Practice Social Media

Capital Funding Lenders

How To Choose A Merchant Processor

Leasing Medical Equipment

How to Create a Draft of the Employee Handbook

How To Choose The Right Corporate Structure For Your Medical Practice

How to Find a Medical Accounting Firm

Practice Direct Mail Marketing

The Mystery of Medical Staffing

Doctor Credentialing With Hospitals And Insurance Companies

Must-Have Medical Doctors Insurance

How To Choose A Medical Transcription Company

Setup Your Practice

Advertising

What is Money Factoring?

Setting Up a New Practice

Your Medical Practice Opening Check-List

Life Insurance

How To Choose A Medical Accounting Firm

Asset Protection

Mission, Vision, and Values

Logo Development

How to Choose a Medical Practice Lender for …

What is Medicare, Medicaid, etc?

Merchant services – credit cards

Estate Planning

Physician Profile Development

Choose the Right Corporate Structure

How to Determine a Timeline to Open Your Medical..

What Is A Marketing Plan?

Determine a Practice Name

Commercial Condo vs. a Commercial Building

CLIA Certification

Insurance Types Needed for a Medical Practice

Retirement Planning

How to Find a Medical Collection Company

How to Choose a Potential Office Location

In-House Medical Transcription Vs Outsourcing

Practice Website Development

Finding A Payroll Company

Types of Commercial Loans for Buying a Medical Real Estsate

How To Lease Office Space For Your Medical Practice

Unlocking the Mysteries of Medical Billing

Medical Billing Company to the Rescue!

How To Estimate Staffing, Payroll, And Benefit Costs

Group Practice vs Hospital

Build Or Buy: In-House Medical Coding Vs. Outsourcing

Hiring A Business Consultant

What Is Practice Legacy Planning?

Disability Insurance

Types of Medical Insurance

How To Structure Practice Banking

Determine Employee Benefits

How To Win Your Insurance Contract Negotiation

OSHA Compliance

Choosing A Payroll Company

Merchant Services – Payment Gateway

How To Find Money Factoring Resources

Purchasing A Commercial Condo

The Pros And Cons Of Leasing Vs. Buying

What to Ask for/Expect in Your Commercial Lease

What is a Commercial Lease?

How To Choose A Medical Management Firm

Market Assessment/Demographic Research

The Mystery Of Medical Transcription

How To Choose A Medical Billing Company

In House Medical Billing vs. Outsourcing

Group Practice vs Private Practice

Business/Casualty Insurance

Employee Benefits

How to get a DEA license

How to Choose a Medical Legal Firm

Document Imaging

Events

Retirement And Estate Planning For Physicians

Merchant Services – ACH Payments

What is a Medical Commercial Building?

What Is Money Factoring?

How to Find a Medical Management Firm

How to Find a Medical Legal Firm

Building a Team of Experts

The Best Software for Doctor’s Offices

How To Choose A Medical Doctor’s Insurance Company

How to Choose a Medical Bookkeeper

How to Prepare a Cash Flow Analysis

The Mystery Of Doctor Credentialing

The Mystery Of Medical Transcription

Search
Generic filters
Exact matches only
Home » Real Estate » Buying Real Estate » How to Purchase a Commercial Building

How to Purchase a Commercial Building

Buying a commercial building for your medical practice is a big undertaking.After all, as a medical professional, chances are you’re not a commercial real estate expert. That’s why it’s important to follow a strategic 4-step process once you decide you’re ready to purchase a commercial building.

Commercial Real Estate 4-Step Process:

  • Step one: Assemble an expert team
    • Making a large purchase like a commercial building requires the assistance of an expert team.Be sure to involve a lawyer, commercial broker, accountant, and mortgage broker when preparing to buy medical office space.
  • Step two: Find the perfect property
    • When searching for the ideal commercial space, be sure to consider location, zoning allowances, building code limitations, building condition, accessibility, parking, and expansion opportunities.
  • Step three: Evaluate the property
    • Never sign on the dotted line without having an appraiser or analyst evaluate the property for things like potential hazards, electrical issues, and possible liabilities.
  • Step four: Secure financing
    • When you’re ready to buy, decide how much cash you’re willing to put down and how much of a loan you’ll need to obtain. Having good credit and an already-established practice will help you secure optimal loan terms.

Work with your lawyer and accountant to make sure the financial terms of your loan and purchase contract are to your advantage.

More Videos

merchat_services
Sybe Credentialing

Join DBN Today!

Let DBN help guide you to success!

Doctors Business Network offers everything new and existing health care providers need to establish and build a successful career! Sign up with DBN today and let us help you succeed!