Thread: Commercial and residential

The first thing you should do is get a licensing course in real estate - wherein you will probably know the answer about commercial and residential properties and how processes works on both.

I have been in real estate for over 20 years and I have worked on both sides of real estate, residential and commercial, and I keep doing so. My suggestion to new investors is to start with residential (properties up to 4 units) - if you have no cash reserve or credit, wholesale for a while and save up some money. Than as you get more familiar with the real estate game and you have built up some cash reserve, you can venture into commercial.I don't think that jumping into commercial real estate in the beginning is a good idea - you have to know how to look at numbers, prepare executive summaries, letters of intent, and manage properly. Getting a real estate license is not really going to teach you how to invest in real estate - it will help you stay "legal" and out of trouble Find an investor or mentor who has been doing it for a while and have them lead you along - your learning curve will progress much faster and it will save you money by avoiding costly mistakes.

Hi! If you have no cash reserve or credit, wholesale for a while and save up some money. Than as you get more familiar with the real estate game and you have built up some cash reserve, you can venture into commercial.

Commercial and Residential, both are great and profitable investing options in real estate market. Both are very comfortable to use. Commercial gives you better profit rather than residential property. It gives you more leverage than residential.

Most professional realtors are flexible - and works on both. But first, try to interview them as well and see how do they handle such on commercial and residential properties. Even when they are not experts on such aspect, they have the ability to learn ad get information for you on certain properties that you are interested to and prospecting.

Commercial properties are more beneficial than residential properties .profits margins are much higher in commercial real estate provide you have much more to invest in it intialy.

Commercial can be more lucrative, but tend to take longer. Residential is fairly straight forward, lower risk, lower reward.

Investing in commercial real estate is always a better option as it is bound to generate more revenues, but first of all it is necessary to get a valid real estate agent licence.

It depends not only on the type of property you are specializing to, but also depends on the skills of the realtor in finding the best deals and properties for their clients -thus generating them not only revenue but trust from their clients - which in return, may become a key for more opportunities that may open for the realtor.