[quote=clearfund]Bearish – Yes, I am a commercial guy but not sure where you get “large multi-family complexes” from my post as there was no mention of that. However, if you bothered to read the end of my post I stated that educating oneself on how commercial works will serve you well on residential investments too.
Obviously there are good deals to be had in the residential world as many smart people have been very successful.[/quote]
I agree. I’ve thought about the commercial side of things to a degree, but think I’ve got a lot to learn in that realm. I think there are good and bad deals in all facets of real estate. I do know I’ve got a friend of mine who’s company is growing and he mentioned some commercial properties that are leasing for 90 cents a square that wanted $3 a foot a couple years ago. I would think that whoever owns that building is getting taken to the cleaners right now with the property sitting vacant so they decided to lower the price to get someone in there, but probably will do well in the long term…just not sure how long term. I’m a lifelong learner though and foresee myself getting into commercial at some point. I would’nt mind owning one of those storage facilities. I’ve heard those things are cash cows. I’m looking to make smart investments with whatever money I can save whether its residential, commercial or a little bit of both.
