Commercial Real Estate Tips
Los Angeles Realty Loans presents a few tips regarding Commercial Real Estate Investing.
There is a good article about making the leap to commercial real estate investing. We thought you should take a moment to read it and you can find more at Realty Biz News.
Brian Kline writes the following… If you have experienced in residential real estate investing, now if the time to consider moving up to the investing in the big leagues. While residential real estate is a profitable business, the serious money is made on the commercial side.
Many investors are afraid to make the leap from residential to commercial. They think it’s to complicated. While it is different, it’s not something that one should fear. Once you make the change and gain clear understanding of the market you’ll never go back to residential real estate. Here is the easy way to make the leap.
Start with Commercial Apartments: A good strategy for moving into the NFL of real estate investing is starting with apartments. Apartment building with four units and less are considered a residential investment by the banking community. Banks will require that you personally guarantee any loan you take out. Five units and more are considered a commercial investment. Loans for commercial properties are almost always non recourse, meaning they are only secured by the property. Your personal credit and assets are not at risk.
Moving up to commercial apartment makes perfect sense if you already have experience with residential properties. All you are really doing is moving up from a few tenants to multiple tenants. However, residential is more hands on than other commercial properties. Most commercial properties don’t have tenants calling with plumbing problems at 2:00 am.
If you are interested in starting your career in Commercial Real Estate Loans, find your property and submit a loan application with Los Angeles Realty Loans Commercial.
Be sure to visit our main website: Los Angeles Realty Loans and request a commercial application.
Have questions, call: 877-250-3030