You’ve probably heard that investing in Commercial Real Estate (“CRE”) can be lucrative, and you are right. It can be even more lucrative if you are able to identify and purchase commercial real estate at foreclosure prices.
Whether you are looking to find and acquire a new property, you are considering an investment, or you need to finance a property that you already own, when it is stabilized will be a question.
Let’s begin with the definition of a tenant estoppel. In the commercial real estate world, these are common. It is a certificate or a letter that may be required during the due diligence phase or the underwriting process.
Trying to run a real estate business without proper cash flow management is like being blindfolded in a maze: you may eventually figure out where you’re going, but you’ll be stumbling around and making mistakes before you get there.