Investing in commercial properties is a time-intensive endeavor. Use the guidelines in this article carefully to help you begin your successful commercial real estate investment career.
When you are buying or selling commercial real estate, always negotiate. Protect your interests by standing up for yourself regardless of who is on the other side of the table. Negotiate a fair price rather than accepting one that is too high or too low.
You can never know too much about commercial real estate, so never stop looking for ways to obtain more information!
You should try to understand the (NOI) Net Operating Income of your commercial property.
Examine socioeconomic conditions in the neighborhood you’re thinking of purchasing commercial real estate in. Pay special attention to the unemployment rate, and the average income level in your property’s neighborhood. Commercial property near hospitals or schools have higher property values; these properties are also easier to sell.
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