residential or comercial, are they the same thing???
what will get more equity???
what is the best investment that I can make????
2007-05-21 16:24:51 · 3 answers · asked by Arcy ☼ 4 in Business & Finance ➔ Renting & Real Estate
Residential is a house or a condo
Commercial is a , fast food restaurant or retail store like beauty salon or shoe store.
In order to get equity, a commercial purchase can be much more expensive than a home.
Don't get into commercial investing unless you can qualify for at least $1M (depending where you live)
I can't really answer your question, you should talk to a real estate professional in your city. First see if there are buildings you could buy & afford.
2007-05-21 16:32:14 · answer #1 · answered by Miss Emily 3 · 0⤊ 0⤋
It really isn't a question of commercial or residential. It is simply what property is going to appreciate mosy over a given period of time. If you can accurately predict that you will soon be the richest man in the world. You have to remember that the greater the reward usually also means the greater the risk too.
2007-05-21 16:33:04 · answer #2 · answered by ttpawpaw 7 · 0⤊ 0⤋
Too tough to answer. Depends on your market. Your question is like asking if Coke or Wal-Mart stock will gain the most in the next 5 years.....impossible to answer.
You should consult 2 realtors in your area, the top producer in residential real estate, and the top producer in commercial real estate. Ask them to state their case for their product, and buy the one that has the most positive upside.
2007-05-21 16:34:45 · answer #3 · answered by Brian C 1 · 0⤊ 0⤋