Commercial real Estate property is a property that is only used for the business purposes; these are given on lease only for workspaces, not for living and personal use. This is the property which is meant for profit earning and to increase your income.
This is the most popular real Estate Investment. These properties are given on lease from a small gas station to big shopping malls. These properties can be given on lease for the number of places like hotels, office place, restaurants, and various shopping centers, etc.
If you are looking forward to investing in US real estate, buying US commercial property is not an easy task without proper knowledge about real estate market. Before going to invest in US real estate know its inns and out from an experienced person like Reed Gossans who is a pioneer in this field and have full knowledge about this market.
He is the person, who can show you the right path for making a profitable investment. You can improve your knowledge about this market by listening commercial real estate podcast made by him, which you can get easily from his site.
Commercial real estate investment can generate immense of profit if an investment is made with caution and under the proper guidance, which you can get easily from Reed Goossens.
Commercial Real Estate Classification
A commercial real estate can be classified into three different classes: Class A, Class B, and Class C.
Class A is concerned with visual, age, quality and location of the property, it usually includes new and quality infrastructure buildings that are located in best locations. The price of these locations is charged accordingly.
Class B these are the properties are not situated in posh locations and are aged as compared to class A properties. These are mostly targeted by the investors for the restoration.
Class C these are the locations which are situated in less attractive areas and need maintenance, these are oldest buildings which usually over 20 years of age.
You can know more about these classes from the commercial real estate podcast which is easily available on the internet. These are full of valuable information that can help you in buying US commercial property from which you can make lucrative profits. It is important to know pros and cons of this market before investing in the Commercial real estate