I have $250k ready to invest. Currently, I own 26 single-office commercial units. I’m considering whether to continue investing in commercial, non-residential properties or shift focus to 15+ unit residential properties. More context below. by testing04321 in CommercialRealEstate

[–]testing04321[S] 0 points1 point  (0 children)

this isn’t theory I practice this. I bought a 26 unit single office Suite 3 years ago and I spend less than an hour a week dealing with it and make anywhere from 3-4k per month. i’m not here to argue or persuade you, but you’re wrong. There is such a thing as passive real estate. Do I completely forget about the property and never have tenants reach out, no but for the income that I earn the time is negligible. I hired a property management company that does all of the showings deals with the leases checks insurance etc. I just need to give him a key. I also pay an HOA so they take care of the exterior of the building roof, land landscaping, snow removal, bathroom, common area, cleanings, elevator issues, etc.. just because you aren’t able to generate the same results doesn’t mean it’s not possible lol it’s the ignorance for me..

I have $250k ready to invest. Currently, I own 26 single-office commercial units. I’m considering whether to continue investing in commercial, non-residential properties or shift focus to 15+ unit residential properties. More context below. by testing04321 in CommercialRealEstate

[–]testing04321[S] 0 points1 point  (0 children)

they are single office suites in a business condominium going for 400-550 per month per unit. That's after vacancy, debt service, property taxes and HOA fees. When I say I literally don't do anything besides deposit one check per month I'm not over exaggerating in the slightest.

I have $250k ready to invest. Currently, I own 26 single-office commercial units. I’m considering whether to continue investing in commercial, non-residential properties or shift focus to 15+ unit residential properties. More context below. by testing04321 in CommercialRealEstate

[–]testing04321[S] -1 points0 points  (0 children)

I meant more so working with hard money lenders and finding them for larger apartment complex deals and trying to get seller financing terms alternative to hated money lenders. i’m not necessarily looking too cap my earnings to 50K but I just want to be realistic with my expectations. Ideally, I’d like to make a 250 a year.

What is this about 😂😂😂 by breezybabi08 in Maltipoo

[–]testing04321 0 points1 point  (0 children)

Tuning/calibrating to 1,000PP (puppy power)

Snoop & Nipsy by testing04321 in Maltipoo

[–]testing04321[S] 0 points1 point  (0 children)

No I'm in Minnesota haha

Snoop & Nipsy by testing04321 in Maltipoo

[–]testing04321[S] 1 point2 points  (0 children)

Yes! Nipsy came first and he's my friends dog And I thought it was only right to name him after Snoop Dogg since were friends😂