Do you have any idea about investing in commercial properties via joint ventures? What if somebody gave you a business proposal in property investing, will you be able to assess it properly?
Recently, my friend suggested to me that we invest in commercial properties via a joint venture. Much as I like the idea, she mentioned a lot of terminologies that I never encountered even once in my life. Since the undertaking entails a great deal of investment, I’d like to make sure that I completely understand the process first before I consider these kinds of investments.
Yesterday, I consulted with one of the real estate lawyers that was referred to me by another friend. I did this to become more familiar with this topic of commercial property investing. I’m glad I did because Atty. Haydon, the lawyer whom I consulted with, taught me a few things not only about commercial properties but also about some issues and procedures in real estate like purchasing and selling of residential properties, refinancing and building and developing land.
Now, I’m so excited with the idea of investing in commercial properties. I just hope that we can get a good deal because, from what I have heard, the real estate business is bouncing back and cost of real estate properties are on the rise again.