People
are naturally inclined not to trust what they don’t understand. The same is applicable to commercial real
estate investing. It’s a natural
phenomenon when confronted with something new, different or seemingly over your
head.
But
when it comes to commercial real estate investing, that belief can cost you a
small or large fortune.
For
instance, when I first got started in real estate, one of the biggest challenges
I had to get past was the idea that commercial real estate was too complex for
me. That it was for the “big boys”.
Even
residential real estate agents suffer from this same mindset. They too believe that in order to break into
commercial real estate they have to be promoted.
Nothing
could be further from the truth.
For
those with a determined mind to get involved in commercial real estate, the
challenges are easily overcome able.
But
like all, myths the idea that commercial real estate investing is too
complicated for mere mortals is grounded in a bit of fact. Commercial real estate does seem
complex.
So
let’s dispel this myth right now.
Would
you file your own lawsuit?
How
about fly your own jet?
What
about do your surgery?
Or
how about even filing your own tax return.
Would
you do surgery on yourself?
I
think you’ll agree these things are complex if you tried to do them on your
own. But ordinary people get them done
every day.
So
what’s the truth?
The
truth is that the most successful investors, whether novice or experienced, use
professionals and experts when some “heavy lifting” is required. The details of tax, law and finance are
better off left to them.
If
there’s one area where you should spend your time and become an expert in is
the market where you have your real estate.
This is one area where you should spend your time.
Knowing
your market, knowing the mindset and behavior patterns of your prospects will
pay handsome rewards for your long term.
Leave
the complex topics to the people who know how to deal with the complicated
stuff. That’s the best strategy for
success for the up and coming commercial real estate investor.
So
as you can see, there’s no reason to be intimidated by commercial real
estate. The benefits and advantages of
investing in commercial real estate far outweigh the disadvantages or
unforeseen complications you may occasionally come across. And even then, there are experts who can
support you in your efforts. They are
rather inexpensive when you look at it in this light.
The
only time they get expensive is when you try to do it on your own and then
unintentionally make a mess.
Put
these professionals on retainer and use them.
That’s what they are there for.
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