Commercial Real Estate Investing Could Make The Difference In Africa

Commercial or residential property investing, except apartment buildings, was something I never seriously believed when I started learning about investing 7 decades back.

I started studying about holding leasing property for"equity" and"net worth" back when people would pursue purchasing single-family rentals under market value and then refinancing and pulling out cash. To know about residential property for sale also visit https://www.myafric.com/en/propriete-type/residential/

Banks do not like to refinance anymore, and lending laws have made it hard for investors to pursue these tactics.

My primary focus is on the bread-and-butter single-family homes, with values between $80 – $150k in 2 counties local to me. I know these places fairly well and will master them within 6 weeks through doing more bargains and my media connections.

I try to wholesale them to national and local investors, and keep some for favorable cash-flow through lease-options and vendor financing, with a minimum profit of 5k for wholesales and 10k when cashed from the lease-options. I'll continue this focus in my region, adding to my growing list of out of area buyers.

What's changed is that I'll now add mobile home parks into the commercial property combination, and will pursue them in my nation.

Some points to consider:              

1) Mobile homes can be purchased very inexpensively compared to homes.

2) After the park is created with sewer, electricity, water, etc. it's efficient to add more mobile homes, thus increasing revenue.

3) The mobile homes can be park-owned and leased to tenants for very affordable prices while still providing a terrific return to the buyer.