1. Research the market. Know what is available and what is in demand.
2. Consider your investment goals. What are you trying to achieve by investing in commercial real estate?
3. Establish a budget and stick to it. Don't overspend on a property you can't afford.
4. Hire a good real estate agent. They will help you find the right property and negotiate the best deal.
5. Have realistic expectations. Commercial real estate may take longer to sell than residential properties.
6. Get a good understanding of the property. Don't just rely on the agent's description. Tour the property and inspect it yourself.
7. Make sure the property is ADA compliant. This is important if you plan to lease it out to businesses.
8. Don't forget about property taxes. Make sure you budget for them in your overall investment plan.
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