Investing in commercial real estate is a great way to earn a regular income, preserve capital and grow the value of your estate over time. However, commercial real estate Buffalo NY comes at a premium. This means that you will have to look for a suitable mortgage and save up for the down payment. Ideally, you should first speak to a mortgage lender to learn more about the the maximum loan amount for which you qualify. Once your mortgage has been preapproved for a given amount, you can commence your search.
Be sure to hire a competent real estate agent who specializes in commercial properties in the NY state, and Buffalo in particular. Be sure to consider the prices quoted for the different commercial properties to identify units that can fit into your budget. The features available in the property, such as the total square footage must also be checked.