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Joe Girouard Shares A Few Things to Consider Before Investing In Commercial Real Estate

Boston based financial advisor, Joe Girouard explains how important it is to be aware of the common pitfalls as well as risks associated with commercial real estate investing so you can prepare for them before you make the investment. Firstly, it is important for investors to understand the market that they are investing in. Assessing the potential risk by property type is another very important thing to do while investing in commercial real estate, says Joe Girouard. Remembering that everything, such as finding tenants, building out or renovating the property takes longer in commercial real estate is also essential, says Joe Girouard.

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Joe Girouard Shares A Few Things to Consider Before Investing In Commercial Real Estate

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  1. Joe Girouard Shares A Few Things to Consider Before Investing In Commercial Real Estate Commercial Real Estate is an appealing alternative investment option due its consistent returns and excellent growth potential. Investing in CRE is also a smart strategy for high-net-worth investors who want to diversify their portfolios. In terms of current cash flow, wealth creation, stability, and potential risks, CRE is much better than other types of investment options, such as stocks & bonds. Although CRE does have the potential to be highly profitable, not all commercial investments are equal. Knowing when, what, & how to invest in CRE is the key component of success or failure, says Boston based financial advisor, Joe Girouard. He further explains how important it is to be aware of the common pitfalls as well as risks associated with commercial real estate investing so you can prepare for them before you make the investment. Firstly, it is important for investors to understand the market that they are investing in. This includes studying all the fundamentals, including competition, rents, vacancy, etc. Assessing the potential risk by property type is another very important thing to do while investing in commercial real estate, says Joe Girouard. Risk assessment is totally different between commercial and residential real estate, & greatly varies by the type of property. The success of two residential properties that are right next to each other would almost be the same, while commercial properties in a similar position may fluctuate independently. Hence, it is necessary to understand the risks that are inherent to your potential investment.

  2. Remembering that everything, such as finding tenants, building out or renovating the property takes longer in commercial real estate is also essential, says Joe Girouard. Apart from that, you should understand the market trends’ impact on the demand of your potential property down the line. Keeping in mind these simple but important factors are sure to ensure your success in CRE investing.

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