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Dear dazzling,
I must confess hubby and I have not got much experience and knowledge in the area of commercial property at all hence our post hoping to find more resource links to become more knowledgable in the area. We have looked around at residential properties and thought it would be a good idea that we should also expand our search to include commercial properties to increase our chances of finding postive cashflow investments.
So our knowledge is minimal, our upper monetary limit would be approx 800K. We like the appeal of having leases which were signed up for a few years as well as making one larger deal (for us it’s a larger deal but I’m aware 800K is not a large amount in commercial property) rather than a number of smaller deals . We are not trying to cut corners to start building our portfolio, and are aware that one larger deal will require just as much research, time and sweat as putting together many small deals. We want to have as much knowledge in the PI as possible to reduce our “risk” in investing into property hence our Q on the forum.
We do not have a specific property in mind, but wanted to know where we could get more info about what to look for and certainly the questions that you have posed will give my husband and I more things to think about, but it certainly does sound like it may be a minefield for first time investors like ourselves.
Will look at previous forum postings on commercial properties (but seem to have probs accessing at moment!)
Thanks[hair2]
Thanks for the response guys, we’re still trying to navigate around website hence lack of imagery for our user ID on messages but appreciate your time for reading our messages.[blush2]