Three Important Basics to Understand Before You Buy Any Commercial Property
As a commercial real estate lender with more than two decades of experience, AVANA CUSO has advised countless investors on how to get into commercial real estate. Before you buy commercial property, it’s critical you understand what commercial real estate is, the major factors to consider, the types of commercial real estate available and the basic steps to closing the deal on an investment property.
Commercial real estate is property ownership that’s used almost exclusively as a business. Typically, the owner leases out parts of the property to tenants (ex. apartments or offices) to generate income. Commercial real estate properties can range from large residential rental properties to shopping malls.
1. What to Consider Before Making Your First Commercial Property Investment
If you’re interested in making a commercial property investment, there are several key factors to consider:
2. Know Your Types of Commercial Real Estate
There are six major types of commercial real estate that investors look to when buying commercial property:
3. How to Buy Commercial Real Estate Made Easy
Buying commercial real estate is more complex than purchasing a residential property. Here are the five basic steps to investing in commercial real estate:
About AVANA CUSO
Established in 1998 and headquartered in Simi Valley, CA, AVANA CUSO offers competitive and collaborative commercial real estate loans. We partner with credit unions and connect them to investors across the United States. Additionally, we uniquely support and guide our partners through the entire commercial real estate investment process. AVANA CUSO is a proud member of the AVANA Family of Companies.
