Purchasing small retail shops

[DebtEquity]

Hi Dazzling i was wondering if you can put me in the right direction. I am interested in purchasing a small retail shop for a small business but i am not sure if i should have some residential IP's behind me as back up.

and advice please on how to go about purchasing first Commerical property.

 

[Glenn]

Hi DebtEquity,

I can't see that the lack of residential property would be any problem for you as long as you have at least 30% of the value of the property as a deposit and enough cashflow to service the repayments on the remaining debt.

The days of going to the bank with a suit on for small deals is over.

Glenn