Have you considered investing in real estate? If you have you, you probably understand the added cash flow and long-term growth it brings to your investment portfolio. Many people think of renting houses when they think of real estate investing, but there is another option, commercial real estate in Austin, TX. If you are about to invest in commercial real estate, here are three things to consider.
1. Location – Location is even more important for commercial real estate in Austin, TX than residential. If a particular part of town loses popularity, it could be a death knell for all the businesses there. Be sure to invest in a property that has good long-term prospects for the businesses that rent it.
2. Bring a Friend – Bring someone else that understands commercial investing when you check out the property. They won’t be driven by emotions because it’s not their money. This means they will help you make a sound investment after you have inspected the property.
3. Get More Than One Loan Offer – Don’t take the first financing deal you are offered. Get at least three loan offers, so you can compare them and choose the best one for your situation. You may be surprised at how much variety there is in the APR rates you are offered for your business loan.
Be sure to consider these three important things before you invest in a comSt. Croix Capital Realty Advisorsmercial property. St. Croix Capital Realty Advisors can help you make the best decision for you. Contact them by visiting their website today.