Scott O'Neill
๐ค SpeakerAppearances Over Time
Podcast Appearances
has experience with a residential property, whether you've lived in one or rented one or bought one.
It's a barbecue topic.
There's a lot more media attention on residential and commercial sort of look that like forgotten cousin in the background that quietly does its thing.
And I think that's where the opportunity lays.
Like there is a lot higher cashflow on offer.
It's not as scary as you think.
Once you actually get your head around
know what drives businesses into certain types of commercial properties even just understanding the three main asset classes which is office industrial and retail because even a novice investor will realize there might be different levels of risk in say office first industrial and understanding what the economy is doing at that point of time is is where there can be actually a lot more opportunity so they're the main reasons i see people
I guess, hold back from commercial, but that is changing.
We're seeing there's a lot more education out there on commercial and just the high prices and the low yields that you're going to see in residential after all this growth they've had.
It's going to push more investors to commercial just by default because they need better income.
And that trend has rapidly been happening over the last few years.
Look, I never like to generalize, but you do have to generalize sometimes to start with.
And look, we all know COVID, for example, has pushed more people out of the office.
So if you're going to pick the weakest of the three right now, it would have to be office.
But then again, you can't generalize.
Like office might include medical-based properties, the suburban office spaces where out in the suburbs, there might be just a small commercial building with some dentists and some
mortgage brokers or real estate agencies, there's a lot of very good offers out there.
But would you go buy up in a tower in the middle of COVID?