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Cons: Potential for Dual Mortgages: If your current home doesn’t sell quickly, you might end up juggling two mortgages, along with other costs like utilities, taxes, homeowners association (HOA) fees and insurance. Increased Debt: Carrying two mortgages concurrently may strain your finances.
Whether youre just exploring investing in commercial real estate or already have a property or two, understanding core principles can dramatically increase your success. Investing in commercial real estate (CRE) is about acquiring property used primarily for business or income-generating purposes.
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