There are a lot of things you must take into
consideration before diving in the commercial
real estate business. One of the biggest obstacles that many people have to
face is location.
There are a lot of shows on many networks showing the
attractive version of the commercial real estate business. One of the biggest obstacles that you might run into
is finding the right city to begin your career as a commercial real estate investor.
Sometimes you could have the right business plan but
living in the wrong city may give you some problems when you are looking for
prospective properties. After the real estate bubble burst, there were many
cities that fell. Places, where you could possibly be successful, are not the
same as they used to be.
In regards to the traditional commercial real estate, like offices and storefront area big cities
like New York, Los Angeles, Miami and San Francisco are great places to start
from. Tourism is your friend when you are looking in large buildings to
possibly invest in. You want to look at the amount of tourist funnel into the
city. These type of cities are great for commercial businesses.
You do want to make sure that you check the pricing of
the properties thoroughly you do not want to invest too much of your time just
in one location. Cities like New York or San Francisco may have some steep
prices. This may, in turn, drive possible buyers away from the property you
want to flip. Make sure if you are planning on using the space for your
personal business will be able to survive in the area or neighborhood it is
it comes to commercial real estate
for potential home buyers there is a slight difference
Commercial real estate in regard to house flipping is very
different in comparison. New York is one place you may want steer clear of;
many people wind up leaving the city because of how high the cost of living has
become. Many people are moving to southern states. For example, Atlanta, GA has
had a large influx of people moving and buying single family homes. One major
thing southern cities like Charlotte, Dallas, Houston and Atlanta have going
for them is the vast amount of space. There are plenty of places to build new
homes. On top of that, there are a lot of tourist attractions within the
metropolitan areas if you want to venture into the city.
real estate is not confined to the large attractive
Sometimes you have to forego flipping the lofts of
Manhattan and venture upstate to Nyack. You have to be flexible when it comes
to the commercial real estate
business. Many investors want to conquer a New York or a Chicago, but sometimes
investing in a Greensboro may be more profitable. In bigger cities you also have
to deal with much more competition. Go to a city where you can be the big fish.
Level 4 Funding LLC
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701
About the author: Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true.
Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.