Brian katz Brian l. katz Commercial real estate

Getting good real estate

Real estate seems to be on everyone’s minds these days. Whether you are bemoaning the drop in the real estate market or thinking of ways to get back in the game, chances are good you think about real estate from time to time. Many people are scared of real estate right now, they see what happened to the market, and to the people involved in it and they are nervous about investing in the housing market. The reality though is that even though the market is down right now, over the long run real estate is usually always a safe place to put your money. The real estate market, current state not withstanding, tends to be more stable and profitable over time than other markets. That is part of what makes it such an attractive place to put your money. Additionally, real estate is a versatile market. Properties can be repurposed and rezoned to fit changing community needs and there are multitudes of ways to make money from the land you own.

The key to playing it safe in the housing game is to work with a trustworthy partner. The firm that you work with should understand your goals and your tolerance for risk and long term goals. In this way it should not be much different from working with other kinds of investment firms. Make sure that you supply your real estate firm with this information, they cannot serve you best if they do not understand all the information. Also, be honest with yourself about the monetary side of real estate. Many banks have reformed their lending practices, but ultimately you, not a bank, needs to be okay with the amount of money you have borrowed. Do all these things and there is no reason to be afraid of real estate.

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