Commercial Property Rental: How viable is investing in commercial spaces for steady income?

The tough part about New Jersey is that it is very competitive and very tight on inventory right now.

I wouldn't consider it a heavy negative unless the street is super tight and parking is hard to come by or if the street is very steep/busy.The more desirable dense city neighborhoods it's almost kind of expected and off street parking would be considered a luxury rather than a necessity.If you get out into the suburbs I would say it's more of a big deal since more rentals have off street parking or a garage there.

2) Electrical: Because we have no heat, we've been using two space heaters.

The property has two residential units on the second floor and first floor is a retail space.

I've been working in this space for a while, so I can definitely share some insights, tips, and even some lessons learned from my own experiences.Whether you’re curious about neighborhoods, market trends, or just how to navigate buying, selling, or investing here, I’m happy to chat.

Are you currently in the STR or LTR space / are you looking to expand into one or the other as you grow your portfolio? 

How big is the space they are renting? 

You have to find their problem.There are a lot of high-net-worth people looking for opportunities to enter the hospitality space but lack the operational know-how you’ve clearly demonstrated.

DSCR recently came popular in the loan brokerage and private credit space with the rise of STRs and MTRs.Your local bank lenders will have the best rates typically.