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Things to Look for in a Commercial Property Before Investing

May 7, 2014

Investing in commercial real estate can be a lucrative way to make money. Whether you have enough capital to do it on your own or invest with a partner or group, you still need to choose the right property before investing. Use these tips to help you identify the right properties in which to invest.

  • Make sure the property isnbt too far away from your home if youbre a new investor. Youbll need to be able to manage the property yourself since hiring a management company may not be profitable right away.

  • Consider the property taxes in the area. Property taxes arenbt the same everywhere b they can change in just a few miles. Make sure you find out how they will change your profit margin before you make a big investment.
  • Think about job growth in the area. If businesses are on the decline in the area you may have a long wait before your commercial property can turn a profit. You can make money that way, but youbll need to hang on for a long time.

Contact us at Morris Southeast for more information and tips on Florida commercial real estate investment.

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