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Updated about 2 years ago on . Most recent reply

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Michael L.
  • Investor
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251
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Commercial building question

Michael L.
  • Investor
Posted

When flipping a commercial building (not a live-in property) do you do rehabs or is it more of a wholetail type of transaction? 

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Henry Clark
#1 Commercial Real Estate Investing Contributor
  • Developer
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Henry Clark
#1 Commercial Real Estate Investing Contributor
  • Developer
Replied

Commercial is different than SFH or MFH. It is more purpose driven since there are fewer customers. Also the timeline to a sale or rental is far longer than for a residential unit. You will make far more money when you bring a Purpose to the property.

Plus you need to be specific on the purpose.   Example.   Medical complex.  Contractor Flex buildings.  Bowling alley converted to ????.  Etc.    Just buying a commercial building and cleaning up Haltom sale has a lot of risk.  

  • Henry Clark
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