When dealing with commercial real estate, you're dealing with a different monster entirely. You need to get your ducks in a row with anything commercial. Even if you think you're a pro at this kind of real estate transaction, you might be missing something that could improve your profits or save you some hassle. There are some excellent tips on commercial real estate ventures here to guide you.
Mixed-use urban planning is a real estate development strategy that can add considerably to a property's value. A property located in a neighborhood planned for mixed use will have shops, services and public projects located close by. In a mixed-use development many steps are taken to improve the neighborhood's local character and reduce the residents' reliance on cars. A home in such a neighborhood can be valuable - and pleasant to live in!
It is important to think like a professional in commercial real estate. Understanding that commercial real estate brings in a larger cash flow with multi-residential properties is key. For example: renting a one home property does bring in sufficient cash flow, but renting out a large complex of properties ie. apartments, brings in a lot more.
Surround yourself with positivity. Make sure everyone you work with has a positive attitude, from the inspectors, to the sellers and buyers, to yourself. You do not want to have someone detracting from your positive attitude, as this may make you think less of a property you would have otherwise purchased.
It would be a mistake to assume that you already know all there is to know about the commercial real estate field. Create a mindset for yourself that is open to the fact that there is always something for you to learn, so that you can stay motivated to building your position on the market. Make use of this pertinent information, and profit from your endeavors.