The Real Deal!
Separate the good deals from the bad in commercial real estate:
Firstly, success in commercial property investment starts with a good blueprint. Above all, start thinking like a professional.
Secondly, get familiar with the market. Find out how it differs from residential properties and what aspects are similar. For example, know that commercial property is valued differently than residential property. Income on commercial real estate is directly related to its usable square footage. On the other hand, that’s not the case with individual homes. You’ll also see a bigger cash flow with commercial property.
Lastly, use a multi-pronged approach. Be adaptable when searching for the best properties. For instance, use the internet. Read the classified ads and consider hiring bird dogs. Real estate bird dogs can help you find valuable investment leads.
Just Listed! Commercial Real Estate
Check out this weeks featured listing from the Dias Team. Located on 5 George Waterman Road, Johnston, RI 02919. This location is suitable for many uses. All fire inspected. The upper level is currently subdivided into 2 units. Finished unit in the basement can be utilized for additional income. Fenced rear yard has potential for additional parking.
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*To learn more about commercial real estate investment visit Investopedia.