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A commercial real estate investment is one of the safest types of fixed capital investments, which is why after a certain point all wealthy men and women in modern society purchase real estate as a significant part of their investment portfolios. Home investment throughout North America in 2021 has risen by 2.7% in the first quarter of this year alone, according to a study from Redfin. With a soaring stock market and a hot housing market, investors bought 1 in 7 homes for sale, expecting a shortage of homes in the future as a potential opportunity, as more families resort to rentals.
But we are talking today about commercial real estate, which is currently similarly hot but has other appeals. Read on for tips on how to make the most out of your commercial real estate investment.
Get help today by contacting Teviston Capital Group regarding narrowing down your target market, getting better rates on loans, finding otherwise unbeknownst to you financing options for your commercial real estate purchase, and more.
#1: Plan to Hold for the Long Term
Commercial real estate is rarely a quick fixer-upper. You should be generally committed to holding onto it for the long term.
#2: Ask Yourself Key Questions First
Before taking the plunge investing in commercial real estate, ask yourself some of the following questions:
- How stable is the locational appeal of the building in the long term?
- What development is happening around the building?
- What’s the area’s projected population growth?
- What improvements do you plan on making to the building?
- Who will you rent it out to?
- How will you organize rents?
- What is your plan of action?
- Have you done your research and learned what the professional investors know?
- How should you evaluate the quality of an investment property?
- Etc.
The Bottom Line
By and large, finding a good investment and evaluating its viability is not just about looking around neighborhoods, getting a reasonable price, and reaching out to sellers, it is more fundamentally about building relationships with property owners so they feel comfortable doing business with you. From building the relationships to fleshing out the economic details, Teviston Capital Group can make a massive difference in the success of your investment. Contact Teviston Capital Group for a free, no obligation commercial property financing consultation.
