Michael Episcope, Founder of Origin Investments, has a very good article, Avoid These Four Common Commercial Real Estate Investing Mistakes.
Buying and managing investment property — be it houses, multifamily units or commercial real estate — is hard work. Owners must choose between paying to outsource and handling everything themselves.
The latter can range from finding financing and performing maintenance to resolving emergencies and legal problems. All these tasks extract a price in terms of time, aggravation and mistakes for owners who lack expertise in all of these areas.
Complicating matters further, finding properties with potential is a big challenge facing investors today. High property prices in top markets are driving investors into secondary markets and new types of properties, notes National Real Estate Investor.
But these are assets that require deep industry knowledge and experience and challenges I faced as an active individual real estate investor that inspired me to co-found Origin Investments to help individual investors address these obstacles.
How To Avoid Four Do-It-Yourself Commercial Real Estate Investing Blunders
Here are the four biggest issues commercial real estate investors face when they buy and manage properties on their own, and how you can avoid making these mistakes.
Read the rest of his article. Another great point he made in the article was:
Even professional real estate fund managers can face the same kind of challenges as individual real estate investors.
Realize, real estate investing isn’t ever easy. It definitely can have it’s up and downs. As Andrew Carnegie once said, Ninety percent of all millionaires become so through owning real estate. More money has been made in real estate than in all industrial investments combined. The wise young man or wage earner of today invests his money in real estate.