The mortgage crisis and bubble burst in the housing market are well known to everyone these days, but commercial real estate is likewise affected right now. Many empty retail spaces and office buildings are sitting around, meaning there is demand for buyers, renters and sellers. Read on for some advice on how to move forward in this market.
If you buy and sell real estate as a business, avoid having any rental vacancies. Empty properties don’t make money, they lose money. If a property is sitting empty for a significant period of time, sell it. No matter how great an investment it was when full, an empty rental is worthless to you.
If you are considering investing in real estate, you should buy as many units as possible. You are going to need some kind of financing anyway, so why not borrow as much as possible? You will get more money from your investment, and when you buy many units together, the price of a single unit goes down.