Seeking guidence to purchase first commecial property in Houston!
Hello Dear Sirs!
I am an engineer having a 9-5 job with oil giant in Houston Texas area. I am very much interested to invest in commercial real estate property as my parallel investment income. I would be very much interested to learn basics to evaluate profitable investment in commercial real estate. Lease terms, national tenants, lease length, lease types, cap rate etc. I am very much interested in small strip joint with national tenants that have lease laid out until another 8 to 10 years. Would someone please guide me through the basics of investment? Goal is to invest up to 1M property with up to 10 % down payment where tenants leases laid out for another 8 to 10 years and cap rate of at least 6 %. Seeking wisdom from learned ones. Best Regards, Kenny