Exercise Care When Buying Commercial Real Estate
Investing in commercial real estate can be challenging. You have to make decisions based on data, not what property you “love.” You need to understand what commercial purpose best suits that particular property, whether it be retail, residential, mixed use, or even industrial. You need to understand how to handle the property’s existing tenants and what kind of tenants you will want to seek going forward, as well as how to find and attract those future tenants. Above all, though, you need to know how to avoid the many pitfalls that lurk in the commercial real estate world.