Pros and Cons of Owning Various Commercial Property Types

Looking to invest in commercial real estate, but don't know which property type to consider? Here's a comprehensive guide on the five most common types of commercial properties.

1) Multifamily (Apartment Buildings) – Multifamily refers to apartment buildings of all sizes. It is categorized into garden apartments, walk-up apartments, mid-rise apartments, high-rise apartments, and special-purpose housing.

Garden apartments are low-rise apartments with typically less than 3 stories, built in a garden-like setting. Walk-up apartments are 4-6 story apartments without an elevator. Mid-rise apartments are 4-8 story apartments with an elevator. High-rise are 9+ stories with at least one elevator. Special-purpose housing is a multifamily property that targets a population segment, which includes student housing, senior housing, subsidized housing, etc.

Pros of Multifamily Properties:

• Easy to get into with smaller properties and slowly transition to larger properties

• Tax benefits

• Use rents in place for financing

Cons of Multifamily … Read More

The Advantages of Renting an Apartment vs. Owning a Home

Compared to owning a home, living in an apartment rental is incredibly easy. Why do the work yourself when you can enjoy the following benefits:

· Dedicated property and maintenance staff to call if anything goes wrong

No back-breaking snow shoveling, lawn maintenance or pool / sauna care

One single monthly rent check usually pays for everything (instead of several separate bills and fees when you own a house or a condo)

You Get More for Your Money

Believe it or not, you can usually rent an apartment or house for much less than the cost of buying it – especially if you live in a larger city. And if you want to be right downtown, renting is almost always more affordable than owning a condo (and you get a lot more living space, as well, as downtown apartments are usually much larger than downtown condos).

As well, apartment renters … Read More

Have You Ever Thought About Owning Property?

What does it really mean to invest in yourself? I mean yeah stocks, bonds, mutual funds, etc. But what is your plan once you reach the point you're dreaming of? Of course everyone should constantly be saving for retirement, but isn't there another goal besides that? Starting a low cost business may sound very complicated, but it's actually much much more simple than you think. Have you ever thought about owning property? I am not talking about launching the next big real estate venture, but would it be that difficult to own some small properties? Lets think about it for a second. If you were to buy a house for $ 200,000 and rent it out for $ 2,000 a month, that would only take a little over eight years to break even, and then you would be making an additional $ 24,000 a year after that.

OK well even … Read More

Is Owning Rental Property, For You?

For some individuals, owning, and operating, rental, real estate properties, is a great idea, while, for others, this might not be the case! The difference, not only applies, to the specific property, but, also, each individual’s personality, attitude, and personal, specific strengths and weaknesses. Some factors include, of, course, financial ones, including the necessary reserves, needed, for purchasing a property, starting with the down – payment, closing costs, reserves for repairs, upgrades, renovations, and contingencies. In addition, some individuals are better – suited, for, owning rental property, than others, because some, do not want, the stresses, and tensions, involved, in this type of commitment. With this in mind, this article will attempt to briefly consider, review, and discuss, a few of the key factors and considerations, one should thoroughly explore, in – depth, prior to taking the leap.

1. Personal financials: Do you have the necessary funds, and will … Read More

The Advantages Of Renting An Apartment Vs. Owning A Home

Although a lot of the apartments in Charlotte would require you to have a very good credit score history however with the assistance of the right sources you possibly can simply get an excellent Charlotte apartment even if in case you have a bad credit report file. Thanks to your e-mail and curiosity,i just arrived in Essex, England to start out my new job, i wont be back any time soon but i nonetheless intend renting my place out as a result of i would like my dwelling to be kept alive in my absence. So, in case you have a bad credit score, steer clear of the apartments with pools and workout rooms.

But shopping for apartments in Charlotte could be expensive so the best possible means to stay in this city is go for the Charlotte apartments for lease. The lease might say “We’ll pay for the following … Read More