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What are the three top questions I get asked by investors every single day?
Who. What. When.
Number one, who. Who should I work with when I’m looking to buy commercial real estate? Who should I work with, whether it comes from my attorney, my contractor, my architect, my broker? Those people are going to be critical to helping to identify and solve the greatest problem of how to transact, when to transact, and how to get the best deal.
Number two, what. What should I buy? Should I buy investment real estate in the form of a multi-family? Should I buy an industrial property? Should I buy a smaller multi-family or should I buy a retail asset? What you buy is critical because it really comes into what it is that you are comfortable doing as a property owner. Are you looking to be involved on a day-to-day basis? Are you looking to buy and not think about it for months on?
Number three, when. When is the right time to execute my transaction? When it’s time to begin becoming an investor, you’re going to have to think about timing of, not just when you buy the property, but when you look to sell the property potentially in the future. 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.