There are a number of misconceptions floating around the market when it comes to commercial real estate and it’s important to identify them. These misconceptions can discourage investment and the risk-taking behavior that is required in this market to be a successful investor.

You need considerable funds to get started
This is one of the most common misconceptions in the real estate industry, you don’t need to be swimming in funds to invest in your first property. Banks not only analyze your balance to approve your financing, but also analyze the potential earnings of your operation. The more attractive the deal, the more likely you are to get your financing, however you don’t need to rely only on your banks, there are always private lenders who would be willing to help you if you make the payment.

The numbers are too difficult.
These days there are plenty of software options on the market to do the legwork for you, you just need to know your numbers and the software will calculate the rest for you. The rest comes down to you being able to interpret the numbers to make informed decisions when it comes to your real estate needs.

Most commercial properties are advertised
Contrary to popular belief, most available commercial properties will not appear in newspapers nor will you find billboards advertising your desired properties. You will need to consult a real estate broker who has considerable contacts with investors and homeowners alike for a complete listing of all available properties in your area of ​​interest.

Managing a commercial property is much more complicated than a residential property
Managing a property is not a joke, but the problem is that the profits from commercial properties are much higher than those from residential properties. Therefore, one can afford to hire a management service that operates in their place and takes care of all aspects of managing their property, including the use of their entire list of providers.

Good deals are hard to find.
No matter the market situation, it will always be possible to find a good deal in the real estate market, there are always certain types of properties and other factors that make this reality a possibility. However, this is all contingent on your making a reasonable effort to see the deal through.

A single agent can fairly represent both sides
An agent will always have the interests of the landlord in mind and not those of the investor or buyer, the agent will always have vested interests and therefore act as a dual agent in some way. Therefore, it is always best to hire your own agent to represent your interests.
These are some of the common myths surrounding the commercial real estate industry.