Hi everyone
First of all, thanks very much to all the experienced people who have made posts here to aid in the education of the rest of us. It really is appreciated.
GSJ, thanks for starting the thread, I hope it becomes a great source of information for neophyte commercial property investors.
Just on that link that you posted for Chris Laing, has anyone read his book? If so, is it worth getting? I guess I have been scared off of commercial/industrial by all the well-meaning authors who stated that it was such a huge amount more risky than residential.
A couple of questions for some of the commerical/industrial forum gurus if I may:
1) Would you suggest building up a decent residential portfolio before venturing into commercial? From reading previous posts, Dazzling had 6 or 7 residential before going industrial, so I assume he had a pretty reasonable net asset base to work from. Has this helped a lot?
2) For someone with a lower income, are there any suggestions as to a reasonable entry level of investment into commercial/industrial to make? Is it not worth while looking under $1M for example?
3) Are there any educational resources you folks would recommend (outside the forum)?
4) Would there be a suggested amount of cash you would want available to you before going into a commercial/industrial deal? On the first property I am sure there would be teething problems, slow to get tenants, etc, should you budget on having 6 months interest repayments available before you even look at a property?
Also just for interests sake, I think it would be good to post some links to some commercial/industrial properties currently available, and see if anyone has any comments as to why that might or might not make a good investment. Obviously not from a financial advice point of view, but more just to think of things we may not have originally thought of, or perhaps see it from a different angle. Appreciation in advance to anyone who is kind enough to answer these questions!
The first one to look at for interests sake:
Commercial deal in Perth
Any comments/views/opinions greatly appreciated!