I have some savings, but have no business. I would like to use the money to invest in a commercial property. Is it possible?
2006-12-19 07:51:18 · 5 answers · asked by aoilondon 1 in Business & Finance ➔ Renting & Real Estate
Contact a commercial real estate broker. They'd be glad to help you.
2006-12-19 07:54:45 · answer #1 · answered by hirebookkeeper 6 · 0⤊ 0⤋
Work with a REALTOR who specializes in Commercial properties. And, keep in mind that lending practices are different for Commercial properties. A lender will only lend up to the amount that will be justified by the property's DOCUMENTED INCOME. They're going to look at the Capitalization Rate and the Gross Rent Multiplier, too.
You might be better off buying residential property to rent out. It's a LOT simpler.
2006-12-19 16:09:35 · answer #2 · answered by hatchland 3 · 0⤊ 0⤋
If you ask me, I will think about a business first before the property . The success of any business depends on location location.
2006-12-19 15:59:35 · answer #3 · answered by QuiteNewHere 7 · 0⤊ 0⤋
Talk with a commercial Loan Officer first, so you can line up your financing and see if it's possible.
2006-12-20 08:18:07 · answer #4 · answered by Anonymous · 0⤊ 0⤋
We do commercial sales currently were purchasing a 3.5million dollar Church. If you need any assistance,were here in Southern California. Thank You
2006-12-20 04:14:48 · answer #5 · answered by The O.C Real Estate Agent 2 · 0⤊ 1⤋