Look for the opportunity to buy something big. Although you may feel overwhelmed by the number of units you will be responsible for in a large building, it actually doesn’t take more work to take care of large buildings successfully. Plus, larger buildings are cheaper in the long run–you pay less for each unit if the building has more units.

You must be patient to succeed as a real estate investor. Make decisions calmly and slowly–don’t be in a rush to buy a piece of property. Don’t jump into a new investment too quickly! You might regret it if that property is not right for you. You should be prepared to wait an entire year before a worthy investment becomes available to you.

One major part of commercial real estate deals is inspections. When property you are involved in is being inspected, take steps to verify the legitimacy of every inspector. Those who work in pest removal should be inspected closely, as they are often not accredited. This will avoid bigger problems in the post-sale. If you are considering purchasing an apartment complex, be aware that smaller complexes can be more problematic than larger ones. In fact, veterans in the field typically advise avoiding any complex with fewer than 10 units. This general advice may not always apply though. You should decide on buying a property based on your own research.


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