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Updated over 13 years ago, 04/24/2011
Commercial Property Investment to generate income
Hi,
My wife and I will be relocating to another area of the country and I was looking into commercial property as an income until I get my business up and running. It could be 6-12 months before we have a reasonably steady income, so, I was looking at Commercial Properties, which had a net 9-13% starting point before negotiating. Looking at medical buildings & medical offices but those have a much less starting cap.
I would put enough $$ down so when the lease expires the building would be paid for. If that means 40-50% down that would be doable.
Leases would be written as NNN type and background checks as well. CPI increases, other
I have a five to seven year time frame
what do I need due dilligence on?
normana61
I have a broker, real estate attorney