As it appears commercial and Multi will be the next product talked about for OZ investors I wanted to share a few sites so the investor can get a feel for what is available.
These sites have free look see's but then you need to subscribe, they are not very costly I am a member of Both.
these are the two biggee's in the states.
Commercial and Multi is dominated by commercial brokers,, And this section of the market works far different than single family. Commercial brokers will almost always try to sell their own listings before showing them to other brokers or the public, Unlike residential were 99% of agents put the property on Multiple Listing straight away..
You have usually a much more sophisticated seller in these transactions and they will allow this.
On these sites you can drill down to area and type.. And get a feel for what "A" type investments will return on a cap rate and C and lower…will return.
Just like dodgy houses multi and commercial is no different go for the really high returns and your risk factor rise's with it.
Many an investor has lost it all trying to jump into the super high return multi or commercial… And its definatly not a DIY from a far… Yes you can buy a 5 to 8 cap on the west coast and have little to no problems… Try a 15% plus cap in the any market and your going to have management issues just like you hear about with super cheap houses.
Hope you all find this interesting
JLH
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