Maximizing Your Investments: 5 Essential Commercial Real Estate Tips to Consider
You don't need to risk losing your deposit, getting into an investment that you're not sure about, or make investment decision you are not comfortable with. Here are four simple principales you should follow when working towards building an investment portfolio:
Doing The Math Pays Off
know the difference between capitalization rate and IRR (cap rate formula and find anything useful for IRR)
Be an informed consumer
Leverage Experience
Rely on a commercial real estate broker to structure your deal
Schedule a consultation, and ask questions
Understand Financing
Know the steps, qualifications, and hurdles you will experience when financing your investments
Deals Are Made, Not Found
Rely on a commercial real estate representative