How To Get Started In Commercial Real Estate
With the decline of the stock market and lack of confidence in social security, many Americans are realizing they need to do more to secure their financial futures. Looking into commercial real estate investing is one option that more wealth and security-conscious retirees are beginning to consider.
Having seen the rise and fall of the stock market, the real estate market, and even gyrating prices in commodities like oil and gold, it can be hard to know where to put your money for the best combination of return, security, and limited hassle. The good news is that commercial real estate still provides a viable investment alternative, and it is relatively untrodden ground, since investing in this arena takes more than a little planning, capital and initiative
One asset class that has traditionally met these goals is the stock market. Low-fee, high-growth mutual funds have an excellent track record when it comes to long-term returns. However, many investors feel frustrated by the sense that there's nothing they can do to improve the performance of their stock and mutual fund portfolio.
Since you can have a direct influence on the performance and value of your real estate investments, many people prefer commercial real estate investing to stock.
Many people get involved in real estate by buying a small rental house, or renting out a former residence. That's a good place to learn a few basics, but investing in commercial real estate is a much more challenging endeavor.
Commercial real estate for beginners is not something to be entered into lightly. It's hard to read a book or talk to a broker and really understand everything that's involved in making and financing a good real estate deal, and then managing your property once you have it in place.
I think the two best ways for beginners to get involved in commercial real estate are to: a) Work their way up through the ranks of owning smaller properties or b) Work with a mentor of some kind - ideally another property owner in your marketplace - to find out what they do, how they do it, and why they do it.
You can find a lot of salesmen trying to get you started in commercial real estate by buying their magical business-in-a-box but their claims of simplicity from just following a simple system are often over-stated. You can get yourself into a lot of hot water in commercial real estate as a beginner unfamiliar with the business, so if you can't afford to make a mistake, it's best to grow slowly and pay your dues. When you do dip your toe in the water, let the voices of experience guide you and check with your attorney, CPA, and other investors in your area to help you confirm you are on the right track.
If you want further plan training from someone that is familiar with commercial real estate, but not "vested" in seeing you emerge with a certain outcome, consider hiring a professional real estate consultant. My business partners at The Real Wealth Company are financially secure and living off of their property earnings. If you want to chat to them to see how they do their business, or get recommendation on how you to enhance your operations, they are available on a simple pay-as-you-go system and really get a kick out of advising our clients and seeing them buy their first commercial real estate property.
Getting good advice can sometimes be the best investment you will make. - 23199
Having seen the rise and fall of the stock market, the real estate market, and even gyrating prices in commodities like oil and gold, it can be hard to know where to put your money for the best combination of return, security, and limited hassle. The good news is that commercial real estate still provides a viable investment alternative, and it is relatively untrodden ground, since investing in this arena takes more than a little planning, capital and initiative
One asset class that has traditionally met these goals is the stock market. Low-fee, high-growth mutual funds have an excellent track record when it comes to long-term returns. However, many investors feel frustrated by the sense that there's nothing they can do to improve the performance of their stock and mutual fund portfolio.
Since you can have a direct influence on the performance and value of your real estate investments, many people prefer commercial real estate investing to stock.
Many people get involved in real estate by buying a small rental house, or renting out a former residence. That's a good place to learn a few basics, but investing in commercial real estate is a much more challenging endeavor.
Commercial real estate for beginners is not something to be entered into lightly. It's hard to read a book or talk to a broker and really understand everything that's involved in making and financing a good real estate deal, and then managing your property once you have it in place.
I think the two best ways for beginners to get involved in commercial real estate are to: a) Work their way up through the ranks of owning smaller properties or b) Work with a mentor of some kind - ideally another property owner in your marketplace - to find out what they do, how they do it, and why they do it.
You can find a lot of salesmen trying to get you started in commercial real estate by buying their magical business-in-a-box but their claims of simplicity from just following a simple system are often over-stated. You can get yourself into a lot of hot water in commercial real estate as a beginner unfamiliar with the business, so if you can't afford to make a mistake, it's best to grow slowly and pay your dues. When you do dip your toe in the water, let the voices of experience guide you and check with your attorney, CPA, and other investors in your area to help you confirm you are on the right track.
If you want further plan training from someone that is familiar with commercial real estate, but not "vested" in seeing you emerge with a certain outcome, consider hiring a professional real estate consultant. My business partners at The Real Wealth Company are financially secure and living off of their property earnings. If you want to chat to them to see how they do their business, or get recommendation on how you to enhance your operations, they are available on a simple pay-as-you-go system and really get a kick out of advising our clients and seeing them buy their first commercial real estate property.
Getting good advice can sometimes be the best investment you will make. - 23199
About the Author:
To learn more about commercial real estate investing for beginners, visit their website and register to receive the video tutorial on How To Invest In Commercial Real Estate.
posted by X - Men @ 3:46 AM
0 Comments
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home