Anyone here own commercial real estate?

[Deleted member 23778]

I'm thinking of buying a building and then renting it out to businesses. This is in the US. Has anyone else here done this and succeeded or this not even possible?

 

[poopoohead]

I'm thinking of buying a building and then renting it out to businesses. This is in the US. Has anyone else here done this and succeeded or this not even possible?

How'd you get the money to afford one?

 

[Deleted member 23778]

How'd you get the money to afford one?

Years of saving and investments

 

[Deleted member 23778]

qmudbump

 

[JovenCansao]

I'm thinking of buying a building and then renting it out to businesses. This is in the US. Has anyone else here done this and succeeded or this not even possible?

Sounds good if you have enough capital.

 

[Deleted member 23778]

Sounds good if you have enough capital.

Have you done it yourself? Also I don't know about commercial real-estate but is it possible to own something and not run a business within? I tried searching this but can't seem to find much on it

 

[JovenCansao]

Have you done it yourself? Also I don't know about commercial real-estate but is it possible to own something and not run a business within? I tried searching this but can't seem to find much on it

Can't advise you there since it depends on your country and I don't live in the US, but it shouldn't be as limiting as you seem to think.

 

[thereallegend]

Commercial Real Estate is virtually worthless

 

[Deleted member 23778]

Commercial Real Estate is virtually worthless

How so?

 

[thereallegend]

How so?

Have you not been paying attention? Values have been dropping immensely due interest rates and remote work. Values in San Francisco and New York dropped a lot.

 

[Deleted member 23778]

Have you not been paying attention? Values have been dropping immensely due interest rates and remote work. Values in San Francisco and New York dropped a lot.

I'm thinking of getting some cheap shit in a town about to experience a boom

 

[thereallegend]

I'm thinking of getting some cheap shit in a town about to experience a boom

Do residential not commercial

 

[Deleted member 24929]

i wouldnt risk it

 

[Deleted member 23778]

Do residential not commercial

Why specifically?

 

[thereallegend]

Why specifically?

Rents are out of control while there's plenty of empty storefront.

 

[Deleted member 23778]

Rents are out of control while there's plenty of empty storefront.

The town I'm looking to buy in has plenty of new businesses moving in. It's in a rebound of sorts due to the town improving infrastructure and people from out of state using it as a tax haven of sorts