I would recommend a few things before you decide to jump into any investment with people called “friends” and/or “family.”
New York, NY
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When is the right time to sell your commercial property? Commercial real estate, as you know if you’re an investor and you’re a long-term buyer and/or seller, you know this market goes up and down and has cycles.
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What type of documentation are you going to have to be prepared with to get a commercial loan?
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So we talk a lot about when is a good time to buy commercial real estate, but what about the other side of that? When is a good time to quit the business and move forward?
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Regardless of how hectic life gets, I make sure to take a breather and spend some quality time with people I love.
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Are you looking to buy a multi-family asset in the next three years? All these different things are going to play into your experience as an owner. If you’re not comfortable taking those risks, take a step back and reconsider investing in real estate.
New York, NY
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So as I shared before, I’ve been in the entrepreneurship world for a very long time.
So if you’re not willing to take the risk or even take the step back to learn, how will you see yourself moving forward in this business? It’s very difficult but it can be absolutely rewarding.
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The Wish4Life Foundation’s major initiative is building a pediatric cancer hospital in Ghana. Helping kids become cured of cancer is a major ingredient in protecting the future of young African boys and girls like me who can also have the opportunity to change the world.
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Being successful, to me, means I live a full life and give 100% effort no matter what my day has in store.
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What are the three top questions I get asked by investors every single day?
So timing is everything. You want to make sure that you are able to maximize on your ROI in that transaction so taking the right time, doing the right steps to get into commercial property investment are going to be critical for you to succeed.
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