As the residential market softens, many hands-on real estate investors are turning their attention to the commercial side, believing that they can find more opportunities in office buildings and retail space than in flipping houses and converting buildings to condominiums.
Commercial real estate is a business in which even one misstep can quash a deal or have a negative impact on your earnings for years. That makes it important to identify pitfalls in advance. Here are 10 common mistakes that experts say are often made by neophyte investors and, occasionally, by those more seasoned, Click below for more >
- No Financial Plan
- Thinking Location Only
- Not Researching a City
- Seeing All Areas as Similar
- No Thought To Tenant-Mix
- Miscalculating Costs
- Miscalculating Returns
- Taking On Onerous Debt
- Doing It All Yourself
- Procrastination
Click here for the full New York Times article By VIVIAN MARINO Published: November 12, 2006
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