How Do You Buy Commercial Real Estate In Redding, CA?
When you are thinking of buying commercial property, what should you be considering? Step 1 Study the commercial property market. This is critical, for you may not be ready to get into this aspect of real estate. The commercial field is made up of many different elements, from income producing property, such as apartments, to industrial storage and manufacturing properties. Look at all of the options and then decide if this is what you want to get into versus investing in the stock market, mutual funds, etc. Just because you hear that someone “made a fortune” in commercial real estate does not mean that you will, so study the market first, before you jump in. Step 2 Know your cash situation to buy commercial property. Generally, most commercial property opporutunities will take approximately 20% of the purchase price in a down payment. There are very few “no down” deals, as we hear on TV. Often you will need at least 20% plus closing costs, loan fees, and misc. charges. We usually quot
When you are thinking of buying commercial property, what should you be considering? Study the commercial property market. This is critical, for you may not be ready to get into this aspect of real estate. The commercial field is made up of many different elements, from income producing property, such as apartments, to industrial storage and manufacturing properties. Look at all of the options and then decide if this is what you want to get into versus investing in the stock market, mutual funds, etc. Just because you hear that someone “made a fortune” in commercial real estate does not mean that you will, so study the market first, before you jump in. Know your cash situation to buy commercial property. Generally, most commercial property opporutunities will take approximately 20% of the purchase price in a down payment. There are very few “no down” deals, as we hear on TV. Often you will need at least 20% plus closing costs, loan fees, and misc. charges. We usually quote at least 3%
