Some of my greatest investment success stories have been realized by simply holding for cash flow or choosing to resell for the property’s new net worth. I have been very successful in using this method. However, even though the concept is simple, I will be the first to tell you that sometimes, commercial property investment isn’t simple at all.
I scout for undervalued commercial property in marginal areas, close to prime locations, and I purchase them. Or I purchase commercial property in or close to a prime market that has been deemed a “problem property” and purchase the property for a largely discounted price. You see, it’s my belief that most of the time a “problematic” commercial real estate property can be an opportunity in disguise.
To be profitable in this type investment or growth property, you definitely have to adhere to a strict acquisition formula – and you must have the determination to see it through.
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- Create a commercial real estate investment plan
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- Reduce property taxes on your commercial property or investment property
- Discover new ways to generate revenue from your investment or commercial property