March 24th, 2008
Focus Or Fail In Commercial Property
In commercial real estate you must have a Tight Niche Focus in order to be a successful investor. You absolutely need to know what type of property of what size, age and condition you are looking for and what you intend to do to add value once you buy it. It is basically a case of Focus or Fail. If you look at every property on the market and are cruising LoopNet for hours looking for a “good deal“. You are totally wasting your time. This flies in the face of what many Residential Real Estate Investors were taught when they were buying single family houses.
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