5 Common Mistakes in Commercial Real Estate
Commercial real estate investing is an excellent way to earn passive income and build your wealth, but it's certainly not without its challenges, especially if you’re a first-time investor. Here are 5 of the biggest mistakes I’ve seen that first-time commercial real estate investors often make.
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Key Takeaways:
Proper due diligence is crucial before investing in a property to understand its condition and market potential
It's important to accurately underwrite all costs associated with owning a commercial property
Investors need a clear investment strategy and goals in place before purchasing
Having enough cash reserves is key to avoid financial strain or issues with the investment
Assembling a professional team is important to navigate the complexity of commercial real estate successfully
About Your Host:
Tyler Cauble, Founder & President of The Cauble Group, is a commercial real estate broker and investor based in East Nashville. He’s the best selling author of Open for Business: The Insider’s Guide to Leasing Commercial Real Estate and has focused his career on serving commercial real estate investors as a board member for the Real Estate Investors of Nashville.
In an upcoming discussion with Jacob Kromhout, my project manager from Bentwood Construction, we'll share the latest construction updates at Salt Ranch, my boutique hotel in East Nashville.