One investment at a time. Decide which type of investment you will be focusing on, be it apartments, retail, land, etc. You need to be able to give your investment your undivided attention. If you invest your money in a multitude of properties, you may let things fall through the cracks. The idea of buying commercial property is to produce an income or profit, if your investment property does not do those things all you really did was acquire property.

Be sure to understand that over time, you will have to spend money on the upkeep of the building. Make sure you have a plan to handle and present and future repairs that your commercial property may need as well as any environmental responsibilities that come with your investment. Property owners have the responsibility for taking care of any hazardous waste issues. Cleanup and disposal. It’s not a bad idea to get an environmental report from assessment companies.

Once you have a found a property that suits your needs, value the property based on its condition, your return needs, and your borrowing power. As always, find an experienced Real Estate attorney to help walk you through the paperwork.

This entry was posted on Sunday, June 8th, 2008 at 11:15 am and is filed under General, Commercial Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.