The market for commercial real estate may be on the rebound after past year uncertainties attributed to the COVID-19 pandemic. As the market beckons, you – like other potential investors – explore, research and consider the available properties to add to either a beginning or growing portfolio of investments.
Along the way, you must answer some important questions. Can you make these investments by yourself with a little help from lenders? Are you eager to create investor partnerships that could lead to building an empire of commercial real estate investments? And, of course, you want to avoid any missteps. Such mistakes already have been made by other investors, and they still get made today.
What mistakes lead to a false start in commercial real estate investment and potentially set you back? Here are some when it comes to acquiring and managing properties:
You made a calculated decision in investing in commercial real estate. In doing so, you understand the risk, but other obstacles – some of which you may not have thought about – exist. Preparation, knowledge and the right alliances can help you avoid potential mistakes.
Call our office at 704-873-2295 or email us today.
Attorney Mike Lassiter grew up in Statesville, makes his living serving the people of Statesville and published a book capturing the changing landscape of small town life across North Carolina and Iredell County. His keen sense of history, dedication to the area and 30 years of legal experience make him an ideal attorney for your legal needs.
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