Tips For Investing In Commercial Real Estate www.dncommercial.net
Don’t Think Small, Think Big • If buying a 5-unit apartment requires you to get commercial financing, which is more of a hassle, then why bother? I would recommend buying properties with at least 10 units. The more units you buy, the cheaper they are per unit. Also, many experienced • commercial real estate investors will tell you that “It’s no harder to manage 50 units than it is 10.”
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Commercial deals take longer than single-family houses do. They take longer to purchase, renovate, and get sold. This is not necessarily a bad thing, but something to keep in mind so that you donâ€™t get impatient or rush into a bad decision. Think of commercial deals as big bonuses or your retirement vehicle, not a way to create quick cash to pay the bills.
Take Your Time
Look at All Types of Commercial Properties • Weigh all of these property types and choose your own niche based on whatever will help you reach your unique goals. Don’t be afraid to step outside of your comfort zone.
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Published on Jul 29, 2013
Experts say that success in commercial real estate investments requires the willingness to spend a lot of time and effort upfront in researc...