Your goal as a real estate investor is to assemble a healthy portfolio that allows you to make money without having to spend too much money. So when an opportunity arises that seems to offer just that, it’s natural to want to jump on it. But that old saying “you get what you pay for” applies to commercial real estate, too, so if a deal seems like it’s too good to be true, chances are, it is. Here are a few red flags to steer clear of.
1. A building with a heavily discounted price
Sometimes, the combination of timing and luck allow you to snag a commercial property at well below market value. But if you’re presented with the opportunity to buy a building at what reads like a significant discount, it’s probably because there’s some sort of underlying problem — either with the structure itself or the land