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Updated over 5 years ago on . Most recent reply

User Stats

41
Posts
6
Votes
Gaston Barua
  • Investor
  • Palos Verdes Peninsula, CA
6
Votes |
41
Posts

what defines a commercial property

Gaston Barua
  • Investor
  • Palos Verdes Peninsula, CA
Posted

Hello BP Guros!

I am new to the RE Investing world and am doing some research on buying my first investment property. I am a little confused however by what a "Unit" is defined as in terms of real estate. Is a "Unit" a single bedroom? Or is it each individual housing space in say a duplex, triplex, or fourplex? I have heard the broad term used in both cases. Also, at what point does a property become commercial? How many "Units" would be necessary? 

Thank you all in advance!

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