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6min chapter
How To and How Not To Invest in Real Estate (with Joseph Kahn and Yudi Goldfein)
Kosher Money
The Problem With Commercial Real Estate
When you buy a piece of real estate, taxes go up. If your insurance goes up 20%, your house is still worth the same. But when you are looking at commercial real estate, you're not really buying the building, you're buying income. We've seen deals where we asked why did you calculate for this expense? And their expense is much harder than they calculated. That doesn't mean the property next door has like an identical value.
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