June 20, 2019
When it comes to commercial real estate investing, everyone has to start from square one. Investing in commercial real estate for the first time can present you with a fair share of decisions to make that will impact the overall success of the deal. Finding commercial property for sale that meets your business needs and budget is part of the equation, but you also need to be aware of a few common pitfalls that first-time investors make to give yourself the best chances for success. Below, we will provide you with details on some of the most common mistakes that first-time commercial real estate investors make so that you can avoid them at all costs. If you are looking for office space real estate or commercial property for sale, reach out to the Rakow Group today.
One of the biggest mistakes that first time commercial real estate investors make is planning as they go. The key is to try to anticipate issues and problems before they actually happen so that you are always prepared. Investing is very similar to starting a business. You would never go and start a business without creating a business plan. The same holds true for investing in commercial real estate. You should create an investment plan and strategy that considers the future before you purchase any commercial property for sale.
Your exit strategy in a commercial real estate investment is one of the most important aspects of making money from your investment. This tip goes along with planning ahead. You should always be thinking about what exit strategies will help you maximize your return on investment. There’s nothing worse than being trapped in a deal because you didn’t create a proper exit strategy.
Being successful in the commercial real estate world means surrounding yourself with a great team. You want a great property manager, a solid leasing team, and maintenance professionals that will help you protect your investment. This is even more crucial during the search for commercial property for sale. Reaching out to a great brokerage firm like the Rakow Group can make all the difference in the world.
We hope this article helps you avoid making any significant mistakes when you are investing in commercial real estate. Connect with the Rakow Group today if you have any questions about your first commercial real estate investment.
May 11, 2020
In these unprecedented times, there is not a business that hasn’t been affected in some way. Many companies have had to close their doors temporarily. Others have learned that it is possible to operate their business with all staff working from home. While we are not through these challenging times, there are signs that […]
March 31, 2020
As a small business that has built deep relationships with our clients and our community, we have been searching for a way to help our fellow businesses and we believe we can. We know our clients and the business community overall are focused on keeping their employees safe at the same time as […]
June 20, 2019
After you find the right commercial property for sale and get the deal closed, you are officially a commercial real estate property owner. You will have new opportunities as well as new responsibilities to take care of. It doesn’t matter if you own office space real estate or a warehouse, you will need to find someone […]
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