Property investors have now turned their attention towards the lucrative deals presented by the commercial properties. This sudden interest is the result of the option to diversify your property investment portfolio, along with a high income and tax breaks. However, it is advisable to conduct a research before taking the plunge.
Commercial properties include hotels, malls, medical centers, retail stores, business and industrial property. These are operated for a profit from rental income or capital gain. Some common commercial property types are:
– Apartments and multi family units: These are the first choice of investors. Apartment financing and management is very similar to that of residential properties.
– Mobile home parks: These can be a profitable investment option especially if you own the land and sell the mobile homes.
– Retail properties: More than one tenant occupies the premises and it is utilized for retail transactions.
– Offices: This category includes suburban garden offices, suburban high-rise offices, medical offices and central business district offices.
– Mixed use properties: These...
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