| Because the bottom has fallen out of the | | | | do, remember the three most important aspects |
| residential real estate market, real estate | | | | of real estate investment: |
| investors have now turned to commercial real | | | | 1. Location; |
| estate investing. Commercial real estate investing | | | | 2. Location; |
| has many different options for the savvy | | | | 3. Location. |
| investor. Some of them are as follows: | | | | This is an old and well worn saying, but bears |
| 1. Investing in a retail shopping center as part of a | | | | repeating because it is so integral to any type of |
| joint venture with several other investors. This | | | | real estate investment, commercial or residential. |
| enables you to take less of a risk and get some | | | | If you purchase a storefront in a blighted area it |
| experience in investing in commercial real estate | | | | may be cheap, but unless you plan on working in |
| without it costing you a lot of money. Make sure | | | | the store all day and every day and worrying |
| you know plenty about your partners as well as | | | | about getting robbed or murdered on a daily |
| the property that you will be purchasing; | | | | basis, stay away from blighted areas. |
| 2. New construction. If you have been a project | | | | You want to make sure that there is a need for |
| manager or general contractor, you may be able | | | | the commercial real estate you plan to develop or |
| to swing commercial real estate new construction | | | | in which you wish to invest. Office buildings and |
| as long as you are aware of the different codes. | | | | complexes are usually always in demand as |
| Commercial real estate new construction is much | | | | professionals and others are usually looking for |
| different than residential new construction. There | | | | cheap office space. |
| are different building codes for commercial | | | | In older towns and cities, there are areas in which |
| buildings that vary from different municipalities. | | | | older homes are being turned into office buildings |
| You have to be familiar with the codes when | | | | and stores. In "historic districts" in towns, there is |
| building commercial property; | | | | an effort to refurbish older homes and increase |
| 3. Rehabbing or refurbishing older buildings and | | | | the value of the property in the area. These are |
| preparing them for business use. Again, you need | | | | also an ideal option for those who are thinking of |
| to have some knowledge of building codes and | | | | commercial real estate investing. |
| requirements; | | | | Use any knowledge you have regarding real |
| 4. Buying a storefront property or free standing | | | | estate when deciding on commercial real estate |
| store and leasing it to a business. You need to | | | | investing and make any skills you have work for |
| know about the location, make sure you have a | | | | you. By doing as much as you can with regard to |
| solid lease with a reliable and stable renter and | | | | construction, rehabbing or even property |
| proceed to reap a profit on the rental income | | | | management, you can add income to your |
| while paying off the property at the same time. | | | | investment. Always remember to purchase |
| Those are just four examples of commercial real | | | | property in a good location or up and coming |
| estate investing. No matter what you decide to | | | | location so that it will appreciate in value. |