Commercial, as well as residential real estate can be a great investment if the investor is well versed in it and id willing to work hard. Past experiences have shown that both commercial and residential real estate can make a great cash flow. Knowing the rental market you decide on, and knowing how to buy residential properties below market value are probably the two basic elements needed for real estate investing. Solly Assa, CEO of Assa Properties sees himself as an opportunistic owner, and even though he experienced a major success investing in NYC’s real estate market, he still remains attentive to opportunities in international markets.
In case you are considering going into one of these real estate markets you need to research both areas in order to see which one will work better for you, or which one will give better returns. Because Assa has never considered real estate as a stepping stone to something bigger and better, he has build a long-term commitment to the industry. There are certain kinds of properties that for the time being Assa Properties restrains from, although that doesn’t rule out investing in them in the future. Generally speaking, most investors choose residential properties because they consider them to be simpler and easier to understand, but that certainly doesn’t mean that you can’t learn the tricks of commercial real estate property investment.
No comments:
Post a Comment