Bernstein & Feldman, P.A.

Providing Personal Counsel
And Representation For Over
30 Years

Buying real estate at the right price

Investing in commercial real estate can help individuals expand their financial portfolios. Maryland investors considering purchasing commercial properties may benefit from learning about some rules for purchasing real estate at the right price.

First, investors have to determine what type of properties and in which locations they want to purchase that are within their price range. Figuring out this information helps investors focus on what they know and aids in making the business plan more effective.

Value investors should also pay attention to the economy surrounding a commercial property. This includes being aware of employment and social trends in addition to real estate prices.

Identifying related commercial real estate markets that are not as competitive as the popular ones is another rule to consider. In doing so, investors can locate lower-priced properties in areas that have a high potential for growth.

Investors should also realize that it is nearly impossible to identify all of the opportunities in every market. They should restrict their focus to areas where they can understand the market building by building.

Seeing a potential commercial property with their own eyes and forming effective relationships with the owner should also be standard practices for value investors. Being aware of every detail of a property and knowing the owners and other affected parties can present opportunities for business partnerships.

Being prepared to walk away from an investment deal is also a good rule to follow. Doing so may lead to better opportunities in the future.

Individuals who invest in commercial real estate properties often require the services of an attorney who practices real estate law. A lawyer may handle issues regarding zoning, bankruptcy or foreclosure as well as take care of the legal matters involved in purchasing shopping malls or office buildings.

No Comments

Leave a comment
Comment Information