Commercial Property ?

Question

Hi,

Does anyone here have commercial property ? How many units do you have ? and also, how did you go about acquiring this property ?

Thanks

N/A N/A · Answer

commercial is very difficult...if you know what you are doing
the risk is better since the return is better!
commercial all mostly depends on the income as in my experience
i have made quite some good profit but lost many as well. 
however, residential is better since financing is much better.

commerical determines on rental coming in AND track record. 
if you don't have some good quality tentants...finding the loan is difficult
thanks

sunsmicro

N/A N/A · Answer

don't know if its considered commercial property, but i own a two unit building.  i saw it listed, looked like a good deal so i went to look at it, milled over the numbers and decided that it was worth the investment. i called a local mortgage broker, applied and a month later i owned it. it was really painless, and both units were already rented out so that was a plus.