Could someone recommend a good first commercial investment, I already have residential.

I'm looking for something with a minimum down and hopefully cash flow. Any information on how to set it up would be helpful also.
In Buying Property - Asked by Terry W. - Nov 3, 2008
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Answer(s)

Jennifer M.
Broker/Agent
Mahopac, NY

I have alot of inventory perfect for your situation!

Nov 3, 2008
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Bryan S.
Broker/Agent
Anchorage, AK

Multifamily (apartment) properties are the only good buy right now. If you have a longer time frame, try land for the min down payment.

Nov 3, 2008
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Ted G.
Broker/Agent
Bellevue, WA

Terry,
If you're looking to get your feet wet with commercial real estate, my suggestion would be to start with a single tenant NNN investment. NNN means that the tenant takes care of the taxes on the real estate, any maintenance of the building, and all insurance costs. The idea behind this type of investment is to require the least amount of work for the landlord. The return on your money is less than other investments, but depending on the tenant, you largely will not have to worry about vacancy rates, or re- tenanting your building for at least the term of the lease.
Give me a call if you have any questions or would like help searching for investments of this type.
Best regards,
Jim Ritter, Vice President
Investment Realty Advisors, Inc.
Government Properties Division
2040 31st St.
San Diego, CA 92104
Office: 619-955-6542
Cell: 805-550-9429
Fax: 619-330-1829

Nov 3, 2008
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Joe V.
Owner/Investor
Plymouth, MI

I agree with Terry. NNN/absolute single tenant leases backed with guarantees are available for sale all over the country and offer the least amount of risk. These are also much easier to finance due to the lack of risk. 100% financing/100% LTV in 60 days or less.

Nov 12, 2008
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Tai L.
Broker/Agent
San Diego, CA

What city or state do you live in?

May 23, 2009
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