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COMMON MISCONCEPTIONS ABOUT REAL ESTATE
Sean Tarpenning
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Many misconceptions are floating around within the market when it involves commercial assets and it becomes important to spot them. These misconceptions can deter investment and risk-taking behaviour that's required during this market to be a successful investor.
Sean Tarpenning shares 6 Commercial realty Myths :
You need considerable funds to start out This is one of the foremost common misconceptions within the assets industry, you must not be swimming in funds to speculate on your first property. Banks don't only examine your balance to approve your funding, they give the impression of being at the potential profits of your deal additionally.
The numbers are too hard These days there are many software options within the market to try to do the legwork for you, you only have to know your figures and therefore the software will compute the remainder for you.
Most commercial properties are advertised
Contrary to popular belief most of the available commercial properties aren't listed in newspapers nor will you discover any bandit signs advertising the properties of your desire.
Managing a billboard property is way more of a hassle than residential property
Managing a property is not any joke, but the hitch is that the proceeds with commercial properties are way more than that of residential properties.
Good deals are difficult to search out
An agent will invariably have the interests of the owner at the bottom and not the investor or the customer, the agent will always have vested interests and thus act as a dual agent in a very way.
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