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Updated over 8 years ago,
Retail/commercial vs SFH
I have been investing in SFH (fix/flip and fix hold) I came across a small retail space that I am considering. it is about 1500 sq and listed at 40k and need 10k in repairs. it is devided into 2 spaces 900 sq rented to a hairstylist for 600/mo. the other space is empty but can get around 500/mo. My question to the community is what are the pros/cons of retail vs SFH? do you need a manager for the propery? who pays maintenance? is it easy to get out of later? is a lease to buy option with the current tenant a good exit strategy while generating income? Any input is greatly appreciated