Chapter 14
Making a Success Out of Commercial Fixer-Uppers
In This Chapter
Figuring out what qualifies as a commercial fixer-upper
Hunting down potential investments
Creating a plan to turn the property around
Knowing what sorts of properties to avoid
Making a way to pay day
Wow, we are so excited! We get to talk about a subject that’s fascinating and has made us a lot of money over the years. Normally, when an investor thinks of a fixer-upper, he or she thinks about a little house on the corner that needs a new fence, new paint, and a remodeled kitchen. But now it’s time to think big and consider fixer-uppers in the commercial real estate world — large apartment complexes, office buildings, strip malls, industrial projects, and the list goes on. The main differences between investing in residential real estate and investing in commercial real estate are that commercial projects have larger potential profits and the property needs to be leased with tenants to give it full value. ...
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