Commercial real estate offers a broad array of opportunities for investors, from office complexes to multi-family apartment buildings to rental homes near world-class resorts. The options are enticing, and the prospect of turning a healthy profit is exciting.

Before you get started in real estate investing, however, you should familiarize yourself with some of the basics of the industry. Read on for information that you can put to use as a beginner in the real estate investing business.

Types of Commercial Real Estate

You might be surprised to discover the diversity of property choices available to commercial real estate investors. When you begin shopping for properties, the listings may include retail, mixed-use, industrial, warehouse, office, and apartment properties, for example. You could purchase a piece of property used for restaurants and nightclubs, medical offices, or parking lots.

Finding a Good Match

Different types of properties come with unique responsibilities and other details to consider. If you are looking for residential properties, you might want to take on a multi-family building. In this case, you would want to find one with a high occupancy and low turnover rate. Your overall expenses should be covered by the rent collected from the units.

On the other hand, investing in retail property may be better suited to your circumstances. If you extend a triple net lease to your tenants, they would be responsible for the costs of maintenance, building insurance, and real estate taxes.

Getting Financed

One of the most important factors to think about is the financing of your real estate investing projects. A traditional bank loan may require you to meet relatively high net worth or income standards. This is one reason that many investors turn to alternative lenders, who generally offer more financing options, as well as less stringent requirements to qualify.

If you are considering commercial real estate investing, you could have an exciting investment career ahead of you. To explore the financing choices available, contact Impact Commercial Capital today.