Understand Market Cycles
Nothing lasts a lifetime. The GDP, unemployment rate, and general health of the economy are all directly related to how profitable commercial real estate is. You can avoid buying when the market is strong and having to sell when the market is weak by understanding how real estate market cycles operate. Additionally, understanding specific market cycle indicators will help investors identify current opportunities and make better investment decisions.

Do Thorough Due Diligence
During the due diligence period, a potential investor can thoroughly investigate the investment opportunity. This can involve looking over the previous owner's financial records, paperwork, tax returns, and profit and loss statements, as well as conducting surveys, property inspections, feasibility studies, or any other required research. Before creating a comprehensive and detailed due diligence checklist for your CRE property type, keep the following in mind:

• Verify that the zoning will permit you to use the property as intended if you intend to develop vacant land.
• If you want to construct new buildings or expand existing ones, consider how many more units the market will bear.
• Learn about the costs and permitting requirements of the city or municipality where the property is located.

Having the best agent in the GTA on your side at this time could be beneficial in this case to help you do thorough due diligence. Are you now considering investing? Here's your best choice:

Tav Schembri: "The New Generation of Real Estate"

Tav Schembri, Broker of Record at RE/MAX Specialist Tavsells, is the #1 ranked agent in Caledon, Canada, and worldwide with REMAX. He accomplished this in less than six years, which isn't bad for a small-town local, is it? Tav is the best agent in Caledon and specializes in both rural properties and farmland as well as residential homes, serving a wide area that includes Peel, Wellington, and Dufferin, as well as the GTA and the surrounding area. Tav has also built a strong foundation in commercial real estate through ongoing development projects. His office is located at 14980 Hurontario St., in Caledon, and can be reached by telephone at 416-206-8164.