by Steve & Cathy Lambert

Let’s move our decorating wand outdoors, with our Garden and Landscape Design Experts and Contributors Steve and Cathy Lambert. Steve and Cathy share with us great advice for creating beautiful gardens and outdoor living spaces.

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Garden ornaments add personality, style and whimsy to your garden. For centuries, gardens have been used as outdoor galleries for displaying collections of sculptures and other works of art. Garden decorating allows you to...

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Investing in Commercial Real estate can provide you with an opportunity for passive income and financial freedom that most people can only dream about. In addition to the income, investors also have the opportunity to increase their net worth from the appreciation of the property and additional tax benefits. However, as with most things in life, there is ALWAYS two sides of the coin. In order to succeed in any endeavor you have to have focus.

Here are the three things that you need to focus on before getting started in Commercial Real Estate…

1.) Focus on a Specific Property Type. Most commercial real estate investors specialize in a particular type of property i.e. Apartment Buildings, Retail Shopping Centers, Office Buildings, Self-Storage, etc. If you talk to any successful commercial real estate investor, they will generally tell you what types of properties they like to invest in, as well as, the price range and locations in which they generally invest. I rarely, if ever, have come across a commercial real estate investor who invests in all property types. You might find a real estate investment firm that specializes in acquiring multiple property types, but you better believe that they have multiple Acquisition/Asset Managers that specialize in a particular property type.

Rarely do you see a Jack-of-All-Trades in commercial real estate investing, therefore, you need to focus on what your specialty will be.

2.) Focus on a Specific Location. Initially, you will probably want to focus on a particular part of town. Every neighborhood is different and will demand different rents and capitalization rates. By focusing on one area, you will be able to become an expert in that sub-market much faster and you will be able to filter the good deals from the bad ones. You will know when a broker’s proforma’s are unrealistic (they generally are!) and you will be able to compare properties based on all of the knowledge and detail...

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