There are many advantages to investing in larger properties once you make some money in Real Estate Investing. Any Apartment over 4 units is considered commercial property. The value of commercial properties is based solely on cash flow ad opposed to what the market will pay as in the case of a house or residential property. What this means is when properties are well maintained, when expenses are low, and you create demand for your property, you are able to create value on a grand scale. These value plays give you $10 for every $1 you increase the value of the property. By lowering expenses, cutting costs, and running things more effecient, while at the same time maintaining and fixing up the property for its best use, you can achieve great rewards and return on your investment while providing some of the best housing available in the area. AFFIRMATION: I attract brokers, private money, and the other resources I need to fulfill my goals and create a lasting impression on the community where I make my value plays. By allocating resources properly and using a property to its best use, I create a true win/win situation for everyone. I easily find quality tenants and manage all my properties in a fair and equitable manner. I return, my tenants treat me with respect and take care of the property. I give thanks to the Universe for granting me this blessing this and every day. I continue to attact what I need to make things happen for my business.
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