Brian Fielding knows that those who are looking to invest in commercial real estate can be confident that they are entering a market with a lot of potential. Commercial real estate offers a number of advantages over other kinds of investments, and the market seeing positive trends and new opportunities for buyers. Fielding also knows that those who are new to the market may need some help with the finer points, and can use some tips to help them make smart decisions about their purchases. Here, he offers some of his top tips for new investors.
- Take time to see properties: Brian Fielding points out that despite excitement over seeing a great property, it is not always wise to purchase the first property that you see. You should look at multiple properties and compare them to make sure that you are getting the most bang for your buck and choosing a property that best suits your needs. There are so many factors that determine what the best purchase will be. It is vital that you do not purchase a property immediately without considering them all and making an informed decision.
- Have a checklist and questions: Before viewing properties, Brian Fielding reminds you that it is essential that you have a prepared checklist and some questions to ask about the property. Being armed with all the factors that you must consider, as well as your own desires for the purchase is essential as it can help narrow down your possibilities quickly and efficiently.
- Don’t be afraid to seek help: New investors may find that they have many questions that they need answered along the way, or may be in situations where they need some additional expertise. Brian Fielding reminds you that it is always important to seek experts when they are needed. Not only are there always knowledgeable individuals like Fielding, who can give you more insight on the market, but there are other professionals who can help in other aspects of the purchasing process. A commercial real estate lawyer, an account, and appraisers are all specialists that may come in handy.