hi all,
I'm new to the property investment.
My spouse and I have some cash to invest. We have found a commercial properties with long term leases signed off(the net yield about 9%) and I talked to the Bank, we can borrow 50% of the property value to buy for this commercial property with interest about 4.5+%.
I see most people buy residential property here as an investment, and less on commercial properties.
I think I must have missed something very important to know.
Could someone give me some hint or options on borrow to buy commercial property please?
many thanks in advance
I'm new to the property investment.
My spouse and I have some cash to invest. We have found a commercial properties with long term leases signed off(the net yield about 9%) and I talked to the Bank, we can borrow 50% of the property value to buy for this commercial property with interest about 4.5+%.
I see most people buy residential property here as an investment, and less on commercial properties.
I think I must have missed something very important to know.
Could someone give me some hint or options on borrow to buy commercial property please?
many thanks in advance