Figure out how big a piece of Texas commercial real estate you wish to invest in

When deciding what type of commercial property you wish to invest in, you must be honest with yourself about the size of property you are willing and able to cope with. If you cannot invest time in a property that exceeds 4 units, purchase something smaller. The better you service your property and the tenants that occupy it, the longer they are likely to rent your property.

I recommend: If you want to purchase and rent out office space in Texas, or an apartment building, LoopNet and CityFeet.com both offer an assortment of TX commercial real estate to choose from.

Decide if you want your Texas commercial real estate in pristine condition, or in need of some work

You may decide you want to purchase a property that requires a lot of work. This would make sense if you are able to do most of the work or, have the finances to hire someone else. Either way, make sure that the cost of fixing up the property, plus the cost of the property itself, does not far exceed the value to the property after the work is done. Work with any number of commercial real estate firms in Texas to find the right balance.

I recommend: There are many commercial TX real estate firms and TX real estate brokers who can assist you in choosing the right investment property for your needs. Try Archon Group or Fobare Commercial. The former specializes in retail.

Look into foreclosures as an option for your commercial real estate in Texas

Purchasing a foreclosed property usually guarantees a deal in the price, since the bank owning the property has a vested interest in liquidating it. Foreclosed properties always make a great investment, assuming the condition of the property is not in too dire of a state. Just be prepared that in many cases a foreclosed property needs some work.

I recommend: Foreclosures.com is a great place to start looking for foreclosed properties. When it comes to TX commercial real estate firms, CIT Commercial Real Estate has real estate experts ready to guide you through the process.