Earlier today I was speaking with a friend of mine who invests in residential real estate. It's occurred to me that almost all of my friends invest in real estate, but that's not the subject of my blog today. During our conversation, I realized that although my friend knew a lot about residential real estate, she didn't have a great understanding about what I mean when I talk about commercial real estate in downtown Reading, PA. She thought that only real estate moguls invest in commercial real estate. She thought that commercial real estate meant multimillion dollar office building and regional malls.
I tried to give her examples of properties in Downtown Reading, PA that are considered commercial real estate, that would fit well into her investment plans. One thing she didn't realize is that to most lenders residential properties with 5 or more units are considered commercial property. It also didn't occur to her that all of the small shops and offices throughout the city are also commercial properties. Most of these properties are owned by investors, not by the businesses that occupy the space. With this new understanding, she decided that we should start looking at some small commercial properties for her investment portfolio.
If you are interested in adding some small commercial properties to your investment portfolio, and you'd like to look at Reading, PA, give me a call today.