Chris Kamberis is a successful commercial real estate investor and Founder of CTK Real Estate. He recently shared his knowledge related to the best time for property investment. The real estate market in Kansas City becomes increasingly popular with individuals. Those looking for a long term security through by purchasing a commercial property find attractive financial prospects in this urban setting.
Commercial property encompasses industrial, estates, retail, and office blocks. It can refer to anything from the acquisition of a new franchise to negotiating a deal on a top hotel in a prime location. Chris Kamberis says that getting the right time for an investment makes the difference between a huge profit and a huge loss. If someone is in the process of leaving an existing property, they need to consider whether this timing is fixed or flexible. Ideally, plans for relocation should be made 6 to 12 months in advance with an overlap where the individual owns both properties for a short period to make the transition as smooth as possible. Investing in a developing property is typically less time sensitive. Mr. Kamberis adds that it is important for individuals to conduct a thorough research before spending their money, time, and resources. Things can change fast in real estate, and what was working a year ago may not work now anymore.
Kansas City is experiencing a seller’s market at the moment. Individuals investing in real estate are finding returns are lower due to property being more expensive. It is still possible to find affordable commercial real estate by conducting research and analyzing the potential of a particular property. Some areas that on first impression have the likelihood to be an investment disaster could have hidden incentives that make them a wise choice. An example of this is the Shared Success Fund proposed In February by Mayor Sly James of Kansas City. The initiative focuses on the development of incentives on disadvantaged parts of Kansas City. According to Kamberis, The Shared Success Fund proposal will help reduce the risk of investing in these disadvantaged areas by channeling city funds to help developers make the improvements needed.
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, the Kansas City area’s top commercial real estate and development company, 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.
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