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Updated about 2 years ago on . Most recent reply
Commercial building question
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
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#1 Commercial Real Estate Investing Contributor
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Henry Clark
#1 Commercial Real Estate Investing Contributor
Pro Member
#1 Commercial Real Estate Investing Contributor
- Developer
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.