What Is a "Commercial Property?"

Commercial properties might refer to: retail buildings office buildings warehouses industrial buildings apartment buildings "mixed use" buildings, where the property may have a combination of uses, such as retail, office and apartments. There are nuances to managing each of these types of propertie

Building credit as a new immigrant in the U.S.

To qualify for a mortgage in the United States, applicants typically need a credit score. To build a U.S. credit score, the three major credit bureaus, Experian®️, Equifax®️ and TransUnion®️, assess your financial history and create a profile based on your spending and payment habits. If you’re new

The Downside of Investing in Commercial Property

While there are many positive reasons to invest in commercial real estate over residential, there are also negative issues to consider. Time commitment: If you own a commercial retail building with five tenants, or even just a few, you have more to manage than you do with a residential investment. Y

Positive Reasons to Invest in Commercial Property

Here are some of the pros of buying commercial real estate over residential property. Income potential: The best reason to invest in commercial over residential rentals is the earning potential. Commercial properties typically have an annual return off the purchase price between 6% and 12%, dependin