My background is commercial real estate and that is a normal way of doing it there.

It really comes down to genuine human connection with others in the space or quantifiable things like underwriting of the deal.That said, the past few years have been challenging, with interest rates going up and commercial real estate coming down 20-30% from the highs.

If yes please let me know more about it.I am asking this question as I am interested in buying and managing a Multi-Family or Apartment or commercial building in North Carolina ( Charlotte or Raleigh).Thanks/Regards,Ram

Appliances and fixtures were old and tired.Basically, the core bones of the property were good, but there were a lot of things that seemed ripe for easy improvement.The location was great, right next to the town’s primary commercial district, with a grocery store 100 yards away, coffee shop/bakery, Post Office, drugstore, hardware store, hair and nail salons, barber shop, dentist, bank, a half dozen restaurants, and a variety of other shops and services.

Options The crazy thing is that using the strategies and techniques I have just discussed does not have to increase risk, unlike property development, rehab, land speculation, 80% leverage, or converting residential to commercial.  

My wife and I have 24 locations in Colorado and Arizona.  21 locations are larger residential properties (up to 16 residents) and 3 are commercial communities. 

Some people don't check the legal descriptions, when they buy commercial properties. 

In my case, I have residential rentals in one LLC, commercial properties in another, self storage in a third, and my real estate company operates in a fourth.

The Master policy was all encompassing for commercial rentals and certain inclusions were not applicable.  

Hi Heather, I own about 150 residential units and a number of commercial properties in Cheyenne.