Commerical Investment Or Residential That Is The Question

Comments(6)

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  BusinessEssentials22nd February, 2004

  I've dealt with clients who have both residential and commercial properties. Unless you are dealing with flips in residential, commercial property seems to be the best. In NYC commercial properties are leased for more than a year. Which pre-sets a certain amount of risk and guarantee of tenants. NO property damage, no tenant flight, no vacancies, etc. Residential property owners deal with constant repairs, vacancies, lost of rents, and persistant court cost.
  [ Edited by NancyChadwick on Date 04/14/2004 ][ Edited by NancyChadwick on Date 04/14/2004 ]

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  hibby7622nd February, 2004

  You should have bigger cash reserves for commercial, but it is MUCH more hands off than residential. It's much more difficult to get the right tenant into a commercial property than a residential property, but once you do you're life will be pretty easy. For commercial property, the key is getting tenants into a a good NNN lease.
  
  If you won't have the cash reserves after you buy it you may want to shoot for notes, Hard money lending, flipping, wholesaling, or residential/multi's that you buy and have a good mgmt company take over.

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  sKauGhTiEe22nd February, 2004

  I found listen to Dr. Dolf De Roos is very helpful if your leaning to Commerical.. He went from residential to commerical and has investments worldwide.. Smart Guy i think

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  commercialking31st March, 2004

  No question commercial is easier to manage and closer to hands off. But for true hands off nothing beats a partner who does the management. Just make sure he knows what he is doing.
  
  Mark

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  EleniKonstantaras21st April, 2004

  You got to look for commercial property or investment property or income property or multi-family property. Search either on special magazines for RE or on local newspapers under income properties or on the Internet.
  Eleni[ Edited by NancyChadwick on Date 04/21/2004 ]

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  waterfront26th April, 2004

  If you want hands off then commercial property is the best option. If you do not want to come out of pocket in the event of a residential renter not making payments for 1 or two months, than commercial works best.
  
  With commercial property even if several tenants move out the income will usually cover the mortgage with no money out of your pocket. [ Edited by waterfront on Date 04/26/2004 ]