Our special guest for this ep is none other than Emily's dad, Matthew Wallace! He joins John and Emily to unpack the fundamentals of buying commercial property and shares some great insights into the market. Matthew has a wealth of knowledge and experience in this space and they touch on a lot of info in this episode, including:👉🏽the type of tenant, location, vacancy rates, lease terms and costs associated with buying a commercial property👉returns and vacancy rates are impacted by the demand of the tenant's industry, for example a retail business vs an industrial business👉🏿how much deposit is needed to purchase a commercial property and what are the loan interest rates like?👉🏻what commercial property spaces are performing well and growing👉🏾what key things would a buyer look for in a commercial space that is suited to a service-based business👉what might an investor who's looking to step into the commercial market need to consider to get started👉🏼a case study of a purchase Matthew helped to facilitate👉🏿when a fit out is required, is the tenant or landlord responsible?
If you have more questions that you want to hear discussed on commercial property, let us know in the m3 Facebook group with #property and #commercial: facebook.com/groups/mymillennialmoney
Check out The Glen James Spending Plan and use coupon code "m3p" to save $20: https://www.mymillennial.money/spending-plan
Take a look at John’s Solvere Online Academy and Emily’s online course (The Buying Coach) at the link below.
For podcast resources, links to our stuff, disclaimers & warnings about this episode + more... check out: mymillennial.money/m3pshownotes
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