- Joined
- Sep 15, 2007
- Messages
- 33
I`ve got a portfolio of townhouses and bungalows in Edmonton but am researching what is involved in buying commercial real estate. Thus I have a few questions:
1. How much would an 8 to 12 suite apartment building cost?
2. I think I need 40% for a downpayment. Is that correct or can I get financing with less.
3. I believe you can get greater cashflow with an apartment building. What kind of cashflow can I get, say with an 8 to 12 unit apartment building?
4. Would it be reasonable to sell/refinance some of my portfolio and use the proceeds for a downpayment on a small apartment building?
5. What other questions should I be asking in trying to move from residential to commercial real estate?
I would appreciate any responses to any of the above questions.
1. How much would an 8 to 12 suite apartment building cost?
2. I think I need 40% for a downpayment. Is that correct or can I get financing with less.
3. I believe you can get greater cashflow with an apartment building. What kind of cashflow can I get, say with an 8 to 12 unit apartment building?
4. Would it be reasonable to sell/refinance some of my portfolio and use the proceeds for a downpayment on a small apartment building?
5. What other questions should I be asking in trying to move from residential to commercial real estate?
I would appreciate any responses to any of the above questions.