Commercial Real Estate Tips for New Investors img

Commercial Real Estate Tips for New Investors

calender icon 2/21/2023    poster icon  Mark Goodman

Commercial real estate investing can be lucrative, but many new investors don’t know where to begin. In this article, we are going to offer some tips for new commercial real estate investors.

Build a Team of Experts

No commercial real estate investor does every single thing by themselves. It’s important to have a team of experts by your side who can help you through the process. This includes a real estate attorney, a CPA or accountant, a title company, and more. This team of advisors will ensure that your transaction is set up properly and will help you avoid potentially costly mistakes along the way.

Obtain an Owner’s Policy of Title Insurance

While not always required, obtaining an owner’s policy of title insurance is an essential tip for savvy investors. Owner’s title insurance protects your ownership rights in the property and will guard against any future claims brought against the property. That means if a defect in title results in someone bringing a claim on your property, your insurance policy will pay for the legal fees involved in resolving the claim. This can save you a lot of money in the long term, should any claims against your property crop up down the line.

Help with Commercial Transactions

Get help with your next commercial transaction by contacting the experts at Commercial Partners Title. Our team consists of title closers, commercial underwriters, escrow agents, and more. We put our combined experience to work on each and every transaction so you can rest assured you are in excellent hands. Contact us today for assistance with your commercial transaction. You can find us at our primary offices in downtown Minneapolis. We also serve the entire state of Minnesota and the United States at large.