Posted by:
Nathan Cheatham
on Apr 11, 2025
A lot of lawyers eventually become commercial real estate owners. And, while that is always a big decision to make, given the buy-in cost – it is almost always the right move.
There are a number of things that recommend the maneuver. For one, especially if you can buy a property with existing tenants, and assuming you can scrape up a down payment, your mortgage will likely be covered substantially, or in full – as will, perhaps your maintenance and property tax (if applicable) costs. But, perhaps the best thing about the arrangement is that, as a landlord, you can select your tenants, which means that you can align your business interests with your real estate interests. Find people and businesses who are excellent referral sources for you and bring them in close. You are more likely to get those referrals, if you are all in closer proximity.