Jump to Navigation

CRE investment mistakes

Texas investors who are interested in investing in the commercial real estate market should understand how difficult it can be. Regardless of what type of investment property they focus on, there are certain mistakes that they should make sure to avoid.

Making purchasing decisions without having all of the pertinent information at their disposal can result in costly missteps. Making informed decisions requires the careful consideration of the investment potential of a property, rental rates, expected grow and replacement costs. Significant thought also needs to be given to existing and future competition. Valuable assistance may be obtained from professional market managers who have the experience, intuition and market know-how to sift through properties and locate ideal investments.

Another mistake that commercial real estate investors should avoid is not making adequate use of their time and money. It can be difficult for investors to efficiently handle the number administrative tasks that comes with investing, including balancing budgets and problem-solving, while having to locate and manage properties. Investors will have to decide early on whether hiring property managers with the appropriate skills and knowledge is worthwhile. Investors who lack the specialized knowledge need to conduct tasks like collection rent or processing evictions can make many mistakes.

While forming partnerships can lead to more profitable investments, investors should take care to avoid conflicts within the partnership that can affect their investment. Creating a legal contract that details business plans for properties and all other aspects of their business can provide protection for all partners.

An attorney who practices real estate law may work to protect the rights of clients who invest in commercial real estate. Legal counsel may be provided regarding franchising, contract negotiation or different types of real estate transactions.

No Comments

Leave a comment
Comment Information
HOW CAN
WE HELP YOU?
CONTACT US
fill out our 1-step form ›

Let Us Help You -
Contact Our Firm Today:

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Office Location

The Jackson Law Firm
3900 Essex Lane Suite 1116
Houston, Tx 77027

Local 713.574.5181
Toll Free 877.475.3058
Fax 713.527.8850
Houston Law Office Map

Review Us
FindLaw Network Subscribe to this blog's feed ►