Small Business Owner’s Guide to Buying Commercial Real Estate
If you’re sold on buying Commercial Real Estate, here’s your plan.
Take a moment to sit back and reflect. You’ve grown your small business with a lot of hard work, time and dedication, and now you’re ready to take it to the next level.Or perhaps you’re standing on the ground floor of a new endeavor. In either scenario, you’re at an important threshold, ready to take the crucial step of purchasing commercial real estate.
Even if you’ve bought a home or two,make no mistake about it: buying commercial real estate takes longer and requires more research and planning. You will need to be tenacious and organized. You’ll need the expertise of professionals to prove that your business profits can pay for the real estate loan – and that positive cash flow will not be interrupted.
What makes real estate “commercial?” Any property you use to grow, expand or support your business qualifies. Some examples are:
- Retail locations Warehouses
- Office buildings
- Manufacturing facilities
- Shopping centers
- Apartment complexes with at least 4 units
- Commercial condos
- Land for commercial construction