I like to call residential rentals "VELVET HAMMERS". A velvet hammer hits you softly over, and over, and over, it's a slow, cummulative effect. Over a period of time that differs for each investor, the hits (aka BS) start to take their toll. When your building up it's a challenge, your hungry, over time you just get sick of the never ending BS. And I don't care how good you screen people the BS never ends. If screening was the "save all" we'd never have a bad cop, a bad politician, or a bad nurse. How does a Doctor get through over a decade of schooling and still be a screw up. All of these people get scrutinized beyond belief yet we still read about nit wits getting through the check points.
please help me understand this...if comercial rentals make so much more money and are less of a headache, why don't more poeple do it? Is it because of the difficulty of financing? thanks, -Rich
Who wants to go somehwhere to eat, and can't park.
This stuff isn't easy kids. Unless you really know what you're doing stick to residential.
Quote from: Rich_in_CT on October 09, 2007, 12:29:30 pmThis stuff isn't easy kids. Unless you really know what you're doing stick to residential. What resources could one look at to begin learning about commercial real estate?
I do not build $3 million retail strip malls.
I do not build $3 million retail strip malls.I do build $300,000 to $600,000 commercial industrial/warehouse/business space. Off the main drags, but close to the highway on/off ramps (by close I mean 1-2 miles)