Anyone looking at commercial real estate, you must use Wall St as an inclination on what is happening. In the past when wall st. went up, real estate was down, and vice versa. This has changed, and if you think the fed lowering the rates helps, it doesn't for what you are looking into. Banks will make things very hard. That said, you want to look for the right deals out there in stabilized commercial property. Your rate/term would be better. I run a large banks commercial real estate division (and gamble on sports which is what brought me here :-) ) I can tell you that there are good deals right now in Mississippi, Alabama,North Carolina, and New Jersey. Multi family rental units in MS are good also. If you think I am lying, give me a call or write back. I can share some good info with you. Give you an idea of a good investment....If your down payment comes back in cash flow within 7-8 years, you are golden.
Anyone looking at commercial real estate, you must use Wall St as an inclination on what is happening. In the past when wall st. went up, real estate was down, and vice versa. This has changed, and if you think the fed lowering the rates helps, it doesn't for what you are looking into. Banks will make things very hard. That said, you want to look for the right deals out there in stabilized commercial property. Your rate/term would be better. I run a large banks commercial real estate division (and gamble on sports which is what brought me here :-) ) I can tell you that there are good deals right now in Mississippi, Alabama,North Carolina, and New Jersey. Multi family rental units in MS are good also. If you think I am lying, give me a call or write back. I can share some good info with you. Give you an idea of a good investment....If your down payment comes back in cash flow within 7-8 years, you are golden.