You’re not alone if you are a property owner thinking about acquiring an apartment building. While the country has shifted from ‘homeownership’ to ‘rentership’ coming out of the Great Recession, the attention in and profitability of multifamily investment have increased. Exactly what precisely may be the distinction between purchasing home and purchasing a flat community? Well, that opens up the concern of precisely what is the essential difference between commercial and domestic property?
The simple meaning? Commercial estate that is realCRE) yields earnings . Domestic property is an owned residence. Now, things get murky, because some rental properties that produce income are financed with a ‘residential loan.’ Confused yet? Let’s break it down. Continue reading