Investing in commercial real estate can be a very beneficial opportunity. However, it is very different from investing in residential real estate. Commercial property can have a variety of uses including offices, industrial buildings, hotels, and retail spaces and is leased to businesses instead of individuals and families. If you are interested in investing in commercial real estate, it is important to have a real estate lawyer on your team to assist you through the process. Here are a few things your real estate lawyer wants you to know about commercial real estate investing.
- An Experienced Real Estate Lawyer Will Simplify the Process. Whether this is your first time investing in commercial real estate or not, you understand how important it is that your transaction occurs smoothly and quickly. Your lawyer can help the buying process to move along quickly and prevent problems from occurring in the first place. Choosing an investor-friendly attorney will provide you with the assurance that any problem that comes up will be solved.
- Commercial Real Estate Investing Can Be Very Beneficial. There is opportunity for high returns when dealing with commercial real estate. Not only is the property larger with more tenants, but it is often leased by a business that is likely to respect the property. Commercial properties tend to have a longer lease period than residential properties, which equates to fewer costs for vacancy and marketing and more room for profit.
- It Is Important to Understand Zoning Laws. This knowledge is critical because it determines the uses for your property. Zoning laws can seem complicated, but a real estate attorney can help you decide how to integrate the zoning laws with your investment strategy.
If you are considering investing in commercial real estate, our attorneys at Innovative Closing Solutions are here to help. We have been helping investors like you for over 20 years with commercial real estate investing. Reach out to us if you are interested in more information.