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Plano Commercial Real Estate Lawyer: Legal Tips for Purchasing Multi-Unit Complexes 

 Posted on March 14, 2023 in Real Estate

Plano Commercial Real Estate Lawyer

Plano Commercial Real Estate Attorney Assisting Sellers & Buyers in the Kendall County areas, including Yorkville, Oswego, Newark, and Bristol

Real estate investing in large multi-unit buildings requires wisdom, precision, and patience. Smart real estate investors surround themselves with savvy, experienced business and legal advisors. This article will discuss real estate advice for purchasing and selling multi-unit buildings.

  1. Surrounding Yourself with the Right Real Estate Professionals

Successful real estate investors and commercial property owners surround themselves with a solid real estate team of experienced and savvy advisors, including the following:

  • Commercial Real Estate Brokers

  • Financing Professionals, including retail, bank, and business lenders.

  • Commercial Real Estate Lawyers

  • Property Management Managers & Companies

Commercial real estate professionals must be timely and responsive. Experienced real estate professionals will provide wise counsel and advice. Invaluable insight and reliable business advice are crucial traits of solid real estate professionals. Commercial real estate lawyers offer tax, business, and real estate advice involving their previous experiences and knowledge of the tax code. Real estate transactions involve a substantial degree of tax-related decisions and consequences, which impact one's business and real estate decision-making, including the following:

  • 1031 Like-Kind Exchange or 1031 Exchange. Deferring capital gains taxes are a significant consideration when buying and selling commercial real estate.

  • Capital Gains Tax. Long-term capital gains occur when one has held the commercial real estate for one year or more significant. In addition, capital gains arise when properties have appreciated.

  1. Market Research is Critical

Market research is critical for commercial property owners because it lowers one's risk profile. A significant goal of commercial real estate investors is managing risks, and investing in commercial real estate contains considerable liability risks. Proper tenant selection will result in increased cash flow and decreased threats of commercial evictions—negative cash flow results in financial distress and impaired decision-making. Poor cash occurs when one's expenses are more significant than their revenue. Thus, poor cash flow results in low profits. Your research methods should consist of the following:

  • Population Growth. Population growth often results in higher demand and increased appreciation and competition.

  • Demographic Makeup. A commercial real estate owner must evaluate the demographics, including crime and household income. The correct demographics will result in better tenants that demand high-quality facilities and solid property management.

  • Economic Research. Research economic and job trends, including commercial development and whether the area is stable or upcoming.

  • Strong Tenant Profile. Intelligent commercial property investors want tenants with solid credit scores and a stable job history. Household incomes also should support the rent payments.


Gateville Law Firm's real estate team comprises experienced support staff and attorneys. Our real estate team has over 33 years of title insurance experience and over 50 years of real estate experience. As a result, our team has a substantial tax, asset protection, and commercial real estate background coupled with their responsiveness. Call our real estate team today at 630-882-2467 or via the online contact form.

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