Hi - after reading up on residential investing, I really like the looks of commercial investing. I found some interesting properties on zillow that have tenants and cash flow. I contacted one of the agents who said the I need 30% up front for those deals. Sounds reasonable. For example there was a gas station that had nice income. I would definitely need private financing to cover the 30% down until the cash flow started pay down the loan.
Any tips on a good way to start in commcerial? Where to look? What numbers I should be looking at for a good investment?
The couple commercial properties I have bought were with Seller Financing. Having the seller carry paper gave me the most flexibility. Since then I have refinanced one of those deals to pull out capital. That property was a single use office/warehouse.
Find a problem property on the market that has been sitting for months or years, peel the onion with the owner and get them to like you....
Any recommendations on where to get a commercial investing loan?
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