If you are an experienced real estate investor, then you know how appealing the commercial side of the business can be. Not only can?investing in commercial real estate?help you to grow your business, but you can also tap into a new pool of customers. However, it’s important to keep in mind that the commercial side of things is an entirely different beast in comparison to residential real estate. And that’s why you should be aware of a few things before rushing headfirst into your next investment.
Everything Takes Much Longer
Sure, investing in commercial property can be extremely lucrative, but it’s going to take more time. When it comes to due diligence, it can take months instead of days. It will take much longer to find tenants. It will also take more time to renovate or build out. So, make sure that you are prepared for this.
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