We're all interested .I also like commercial (ie complexes) because the lenders view risk the opposite to Australia; LVRs are higher for commercial than residential. There are logical reasons for this which I'm happy to elaborate on if anybody's interested. It helps get your head around their lending mindset.
OK, here we go...We're all interested .
Before you start or book the airline,spend the time and watch this movie.. even if he is only 24% right then they still have a long way to go before the turn around starts to happen..imho..Anyone looking to invest in the US market? It seems to be a good opportunity now: high A$, slump house price, economy is getting out of recession...
Quiggles's thread is certainly inspiring as well!
The areas that I'm looking at have had huge corrections and increases in vacancy over the past year or two, but in my perception, have bottomed and are looking up again.the issue is that they have not corrected yet the rei has but not the comm
there is alot of news around that the vacancy's will rise so you hav eto make sue taht you are buying into an area that will not correct
I have gone down this road, too. I've ruled out resi, but had to decide whether to go multi-family or "true commercial". Yes, multi-family can be a little more hassle, but with on-site management, not much, and I believe the stability of the multi-family income stream is a reasonable trade-off for the extra hassle. If you buy a shopping strip and your anchor tenant vacates, even if they keep paying the rent for another 5 years, it's going to affect the remainder of the strip, and other tenants whose leases come up may not renew, etc. Plus it's still uncertain what the outlook is like for small business in the coming years. So I don't dispute your decision to focus on commercial, and there are certainly some great deals to be done, but for me, multi-family is "more boring but also more predictable". Horses for courses!grossreal said:the multi tennants are not for me as they are two much work
It already has gone back more than resi in many areas. Which markets are you looking at, which you think have significant falls still to come? (You may be right, I'm just curious.)grossreal said:the word on the street is that the comm is going to go back deeper then the resi
so alot of product is aiming for the new year