Consider SBA 504 loans for owner-occupied buildings (as low as 10% down), traditional mortgages, or DSCR loans based on the property's income potential.
Use a mix of online and offline methods to find available buildings: What is LoopNet? Competitors, Complementary Techs & Usage
Determine if you are buying for (owner-occupied) or as an investment for rental income. Because commercial deals involve intricate contracts and local laws, assemble a professional team including: Commercial REALTOR®: For market access and negotiation. Attorney: Essential for legal review of complex contracts. Accountant: To manage tax planning and financial reporting.
If you do not intend to handle daily operations yourself. 2. Secure Financing Early
Get pre-approved before your search to know your "ceiling" and act quickly on competitive deals. 3. Find and Evaluate Properties
Lenders often look for a minimum credit score of 680 .