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Besides the purchasing price, your budget should also include other costs such as renovations, structural and environmental assessments, downtime during transitions, legalfees, realty commissions, taxes, and contingencies. You should also consider the financing options available for your investment property.
By understanding the fundamentals of different property types, analyzing deals carefully, applying suitable financing strategies, and executing disciplined management, investors can tap into the enduring value of commercial property. Local market nuances, renovations, and subjective assessments can all shift a propertys status.
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