Frank Zaccanelli is a real estate investor and developer who
knows the industry. He started his career working with some of the biggest real
estate moguls and quickly learned the ropes. He has developed a great sense for
buying the right property. In commercial real estate, a beautiful piece of
property could be the worst real estate investment you can make. The three
rules for commercial real estate investing are centered on the deal, the return
on investment and the terms. Here are a few tips for making a successful
commercial real estate investment.
First of all you need to be an investor, not someone obsessed with
accumulating a ton of commercial properties. Investing in commercial properties
is all about making a profit or producing an income. So, if the property your
purchased isn’t making you an income or profit, you basically just own a piece
of property.
The next thing all investors must understand is that every
property must be maintained to keep it profitable. One of the biggest mistakes
you can make is to not take the time to put money back into the upkeep of the
building. The property will require things such as updated electrical, a new
roof, or a renovation. Every building goes through changes which can vary from
costly to minor repairs. So make sure you have a long-term plan to handle such
repairs.
Frank Zaccanelli always tries to focus on one investment type at
a time. He always wants to be the person in charge of the development of any
property or the renovation of an old building.
