Purchasing commercial property as part of your wealth-building strategy is smart. It costs more than residential real estate, but the profits are higher, so it’s worth pursuing and learning everything you can along the way.
Real estate investing isn’t as easy as some make it seem. However, with commitment and determination, you can learn how to find profitable opportunities and avoid money pits.
When you’re just starting out, the signs of a bad deal aren’t always obvious, and sometimes negative aspects don’t indicate a bad deal. So, if you’re new to commercial real estate, consider the following issues. These can be deal-breakers under certain circumstances.
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No electrical transformer will last forever, but they shouldn’t fail prematurely. Moreover, if you buy a commercial property with a bad transformer, you can expect to spend many thousands of dollars on a replacement before too long.
Before you buy commercial property, hire a professional to inspect the transformer. If it’s …