What is a commercial property?
To explain, I’ll borrow the words of long-time, successful residential and commercial property investor James Dawson, who has been in the property game for more than 40 years! He explains it briefly: ‘Essentially, commercial properties [are] anything that is in the right zone to be a commercial property. But anything that a business can be operated in—could be anything from an industrial shed, retail shops, offices, hotels, and motels.’
Why should I invest in commercial properties?
That is a great question. The article above lists the nitty-gritty on the reasons why it’s smart to invest in commercial properties. But to answer your question, the three main reasons are as follows:
You can get longer leases with commercial properties.
You can minimise your expenses with net leases.
Commercial properties are affordable because they’re generally immune to the wild price swings of residential properties.
What are the three factors I need to consider before buying commercial property?
There are three main factors you should consider first before investing in commercial property—location, tenants and economic developments.
Can anyone invest in commercial property?
Yes, potentially anyone with the right mindset, grit and passion for education and hard work relevant to his or her property journey can invest in commercial property.
How do I start investing in commercial properties?
If you need help with getting started in investing in commercial properties, you can count on us. We at Property Investory are here for you! We can equip you with the knowledge and expert advice about everything you need to get started and succeed in commercial property investing. We can help you find the right, quality business tenants for your commercial property, learn the intricacies of the commercial property along the road, and navigate the ins-and-outs of securing a loan. Contact us or click on this link to learn about our commercial property investment course that will put you in the driver seat.
If you’re craving for more insights about property management or property managers, check out the article above. We’ve spilled all the juicy, helpful details you’ll need to know on your property journey today.