Hi!
Start from research, you need to get a general understanding. There are different types of commercial properties: buy-to-let apartments, student accomodations, high street retail, offices, supermarkets, retirement homes, shopping centres and motels.Look at this article https://tranio.com/traniopedia/tips/property_investment_strategies/ it will help you to realise your options in terms of your budget and expectations about yields. Pay particular attention to risks and liquidity (it shows how fast you can sell your property without discount)
This reply was modified 8 years, 7 months ago by FredWisley.
Have you heard about “Home Equity Release”? Iy is a loan that is backed by property you already own. It can provide the required funds to make a profitable investment (or just to buy a bigger house), but also if you need emergency capital for an unexpected situation.
Getting finance for properties in Europe is possible to achieve even if you are not a european citizen. One more good news that interest rates there are at a record low level
Hi!
Why don’t you consider the idea of investing in real estate abroad? Interest rates in European countries are all time low now. Look at the table in this article with average fixed mortgage rate in some European countries: Switzerland 1.75, Finland 1.83, Germany 1.90, Luxembourg 2.00. It looks promising to start profitable rental business there
7,2% yield seems suspiciously high to me. It must be some risks. Have you assessed its liquidity? May be it will be extremely difficult to find a buyer for this office in the future or you will have to bring down the price
Hi!
Sounds like you are a very ambitious and goal-oriented person! To my thinking in terms of your budget you can consider a few options:
1) short-term rentals (yields 5-7%)
2) long-term rentals (yields 2-3% but less problems with management)
To my thinking your savings cannot buy a reliable commercial property yet. But residential property has higher liquidity, that means you can sell it without discount and quite fast if location will be properly chosen
New York, Miami and Los Angeles are the most popular American cities with foreign investors. Remember that the prices quoted from Zillow and Trulia, two of America’s largest real estate directories, provide insight into the property market situation but should not be taken at face value. Only an experienced local real estate agent will be able to provide an accurate overview of the market.
Commercial property is apparently a good investment. Are you interested in a let-to-buy property or redevelopment projects? Also your budget is very important to determine which type of property you’d better to choose. If your savings are under 1M look at buy-to-let residential properties, flats for students or apartments near hospitals or business centers, they will enjoy high demand. From 1 to 5M can buy retirement homes (great opportunities in Europe because of general ageing of population), retail premises or office buildings. And if you are a happy owner of more than 5M consider variants of large hotels, shopping centers or construction projects (yields can achieve 50% but risks higher)
People said in usa lawsuits are very common. Would a foreign owner of a house deter the tenant from bringing on lawsuit since the owner is maybe from australia or new zealand since they have to bring their case to the another country?