Luke on 2CC – Investing in property. Part 2: Commercial Property

Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired on Friday 14 July 2023.  Luke this week is joined by Mark Nicholls a Commercial Agent at Raine & Horne. The topic this week for the show is: Investing in property – Commercial Property – What are the key things to be aware of before you buy it.

Key topics covered include:

• What are the different categories of commercial property?
• How does commercial real estate compare to residential property?
• How do commercial rental leases work?
• Are there rules around what type of business you can put into commercial premises?
• Are there any concessions buyers can get on commercial property?
• Can more than one person buy a commercial premise together and can it be used in a SMSF?
• Can you get a loan to buy a commercial property space?
• Who pays for the outgoings on a commercial property lease? …It depends on the lease.
• Finally, Luke shares his top tips to think about before investing in property

https://www.envisionfinancial.com.au/wp-content/uploads/2023/07/The-Strategy-Stacker-Luke-Talks-Money-14072023.mp3

Also available on Apple Podcasts and Spotify – ‘The Strategy Stacker – Luke Talks Money’

Do you need help to map out your own financial plan?

When most people think about buying property, they think about a house not a commercial property. There are some important differences you need to be aware of. Seek advice if you need help with your personal financial plan. 

Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals, including investment, super, retirement and more!  Make an appointment to confidentially discuss your goals. Call Envision Financial Services on 6260 4749. You can use the contact us form to make an appointment, for a confidential discussion about your situation. If you’d like to talk to Mark at Raine & Horne about commercial property, Luke and his team will be able to refer you to him at no cost. You can also contact Mark on 0417 239 551 or by clicking here.

Luke will return to 2CC to talk about other ‘Money Matters’ next week. You can  also catch up with ‘The Strategy Stacker – Luke Talks Money’ podcast at a time that suits you.

We look forward to your company again and Smart Money Strategy is out now.