The Shocking Real Estate Blunders Entrepreneurs Swear They’ll Never Repeat—But Always Do
The key to avoiding this is to explore prices and be familiar with your local asking prices. Also, be a patient investor. Don’t let anyone talk you into jumping on a deal that’s overpriced.
- Assuming the Price Will Appreciate
Many new commercial real estate investors buy solely to realize appreciation on the property. That’s a very bad idea. While real estate appreciation can be very nice, it’s never assured. Property prices fluctuate. They can all go down as well as up. They can also remain stagnant for a number of years.
