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Every Real Estate Investor, over time, develops their own set of rules they live by when acquiring property. My principles come from experiences both positive and negative over a long period of time. My rules work for me but may not work for others. There are many different successful strategies for buying and owning commercial property profitably. So I share on that basis.
1. Never buy a commercial property that you don’t want to own over the long term (more than 20 years). This doesn’t mean that I won’t sell if offered an exceptional price but it means I am never buying with the express purpose of selling. Set yourself up for success over the long term. Always be prepared to own the property forever. Never put yourself in a position where you have to sell.
#cre #retwit #550cal
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