The decisions you MUST make to buy commercial property
Description
It may sound obvious that you MUST be good at decision making in order to be a property investor…
But it truly shocks me the number of investors who say to me ‘is this a good deal, would you buy it?’
Because that’s not the question you should be asking. That’s asking me to judge a deal based on decisions I’d make for my own portfolio… that’s not your portfolio and your goals.
I know for a fact that clients of mine and friends definitely wouldn’t buy the same things that I buy and that’s brilliant because I’m not led by what they do.
Instead the question you should be asking is: ‘I've found this deal, my goals are X, Y and Z, does it hit those goals?’
But before asking that, you have to make an important decision. What is it you’d actually like to achieve?!
Yield / Purchase Price… any other stat you’re measuring by.
That way, when it comes to purchasing property the next decisions become easier:
Choosing the right location
Identifying if a deal really works for you, or deciding to let it go
Knowing what finance option works best
Want to a dig a little deeper into how to think about these decisions and a step by step guide into how to buy your next commercial property; Listen to this weeks podcast.
United States
