Need Guidance for First-Time Investor
Hey everyone! I'm looking to buy a property that's a mix of commercial and residential, located next to a train station. It's fully rented at the moment and has a cap rate of 10%, which seems promising. However, the area has a slightly shady reputation, which makes me a bit cautious.
As a first-time investor, I could really use some guidance on what key factors I should consider before making an offer. What are the important things to look out for in a property like this? How can I assess its potential and mitigate risks effectively, especially given its location? Any advice or insights would be greatly appreciated! Thanks in advance for your help!