How do you purchase a commercial/residential property

[Felix Torres]

Hello Everyone,

How do you purchase a building that's a commercial and residential. The building has several businesses on the bottom and apartments above it. All fully occupied. The only downside is the street parking.

I'm trying to figure out the steps I have to take to own a building like this.

Your answers are appreciated.

Thank you!

[Steve Mandelbaum]

Mixed-use a great asset class.  Offers great diversification in one property.  I would go to local banks and credit unions for financing.  You will need to find a bank that will hold the loan in their portfolio and sell it off.