One of the most critical choices you will make is while selecting your first investment property. The right asset will give you the money and expertise you will need to continue making strategic investments. Unfortunately, making the wrong decision will turn into a money-eating blunder that may drain your bank account for many years to come.
The question is quite simple: will you opt for buying a residential or commercial property?
As investment assets, both residential and commercial properties have advantages and disadvantages. For example, residential homes have a lower entry barrier, while commercial properties have more stable lease agreements. However, there are numerous differences between them, so this is the first decision any investor must make.
The type of occupants you want to attract to the kind of mortgage you will be eligible for entirely depends on whether you are considering buying a residential or commercial asset. As a …