Mike Hills Provides Comments on Top Mistakes in Commercial Real Estate Investing

Fit Small Business highlighted the Top 24 Mistakes in Commercial Real Estate Investing featuring comments by Mike Hills, Atlas’ vice president of investment brokerage:

13. Underestimating Vacancy & Tenant Improvement Costs

Vacancy and tenant improvements can be long and extremely expensive, especially in commercial real estate. For example, if an owner buys a commercial building that needs a lot of repairs and doesn’t have respectable tenants, the time that it takes to make money from that investment can take a really long time. And if the business owner is underfunded, they can lose a lot of money in a building until it becomes profitable.