by Julie Broad
As a residential real estate investor, when I try to figure out what a house is worth I basically look at what similar houses in the area have sold for recently. When I think about how I can add value to a home, I look at the features and amenities other homes in the area have that people are paying more for. How much more does a home with granite kitchen counter tops sell for? What about a home with a beautifully landscaped yard or a fresh coat of paint on the exterior? This is called looking at comparables.
Read more on How to Value Commercial Real Estate…
“I do not believe that success is an accident. What I do believe is that successful people apply themselves in a way that maximizes the probability of positive outcomes.”
- Jim Randel, Confessions of a Real Estate Entrepreneur.
Do you ever read a book and think: “MAN! I would like to meet this author!”?
Read more on Let’s Talk Commercial Real Estate Investing…
So many real estate investment options…
It’s tough to find a residential property that makes sense to buy right now… and that’s been our focus for a long time. When we sat down to discuss our investing goals for 2008 we decided that it was time to venture into commercial real estate investing. It’s not a completely new place for us to go as Julie’s parents have been active in commercial real estate investing, and I recently became a commercial real estate mortgage broker. But, there are some big differences between the two. I wrote an article last year regarding the comparison of commercial investing to residential investing. They are both real estate investments but they are very different beasts.
Read more on Trying to Become Commercial Real Estate Investors…
