Investing in the commercial real estate market in Jacksonville or Clay County is a smart move. With numbers that continue to trend up for the next decade, Northeast Florida offers some attractive investment opportunities. If you are new to commercial real estate investing we are here to help guide you through the process, to find the right fit for your investing needs.
Commercial real estate investing is a pretty straightforward process. Commercial real estate is all around us, from offices to apartments, retail locations and more. Investing in real estate is one of the best ways to build wealth and commercial real estate provides some of the highest income potential. If you are considering investing in commercial real estate here are a few tips to help get you started:
The most important step to investing in commercial real estate is to keep track of your finances. You need to track your income as well as expenses so you know how much that you have to invest. If you have stable income, but not a lot left over after expenses, you may think about a bank loan for your investing needs. You can also get pre-approval through a broker or lender.
You should also understand the differences between investing in real estate and commercial properties. Income from commercial real estate is usually based upon how much usable square footage a location has. Commercial leases are also longer than residential (which is one of the reasons for higher potential revenue streams).
In traditional real estate investing, location is key. While location plays an important role in commercial investing, there are other factors in combination with location that will give you the best return on investment. Location, combined with the type of tenant plays a significant role in determining how/if you should invest. For example, the best corporate office commercial investing are usually in urban centers. Always analyze recent comparables before you invest. This refers to the prices paid for similar investment properties in the area that are about the same size and style.
Make sure you understand the risks involved with real estate investing. Knowing risks will help you create the perfect strategy for investing. It will help you stick to the proper budget and create the right investment plan for you needs.
At Landmark Commercial Real Estate we are here to help you make the right investment! Our experienced agents will work with you to find the right property for your needs. Get more commercial real estate investing advice by liking us on Facebook! To learn more about our properties please contact us today.