I made a plan to purchase 100 rental properties back in 2013. When I made that plan I thought I could keep buying great residential rentals in Colorado. I had no idea prices would almost tipple, while rents went up only 50 percent. Because of the market I have had to change the way I invest. I bought my last residential rental in 2015, and have been focused on flipping instead. I like to make goals every year and for 2017 I did not have plan for buying rental property, although I did want to find a new market to invest in and invest in a 50,000 square foot or larger building. I have bought four smaller commercial properties this year, which was better than I could have hoped for. At one point this year I had a 280,000 square foot building under contract, and I have a 70,000 square foot commercial property under contract now. To hear all about my commercial investments, how my strategy has changed, and what I plan to do in the future make sure to listen to this episode of the InvestFourMore Real Estate Podcast. What kind of commercial properties did I buy this year? I started out this year getting a commercial property under contract in January. It was a furniture restoration shop with about 3,000 square feet that was listed for $110,000 on the MLS. I was not looking for this type of property, but I saw it come up for sale at a very cheap price. I saw the price and made an offer the same day. I did not buy that property for 11 months because of tax liens, but we finally closed a couple of weeks ago. The old owner is renting it back for $1,500 a month. Rental property number 20 The first property I bought was a small shop to store my building supplies and a couple of cars in. A friend wanted to sell this shop, and I told him I would be interested in purchasing it. We came up with a price and I bought that in April and it has been really nice to have. I also think it would make money if I were to rent it out as I only paid $72,500 for it. Rental Property number 17 The second rental property I bought this year was a large office building that I found on the MLS. It had been on the market for months and they kept lowering the price. The property has over 7,000 square feet and I bought it for $292,000. We are currently doing a little work on it, and trying to get it leased. Rental Property number 18 The third commercial rental property I bought this year, I found on Facebook. The property was severely under priced at $79,900 and the seller ended up getting 8 offers in the first two days. I bought it for $101,250 and I am looking to rent it for $1,300 to $1,500. Rental Property number 19 These rentals all will cash flow much better than any residential rental I could buy in my area. It is also a lot easier to invest in properties that are in my market, than to go out of state. How have I tried to accomplish my goal to purchase a 50,000 square foot commercial building? Earlier this year I was able to get a 280,000 square foot building under contract for a couple million dollars. The property came with 19 acres, and a bunch of water, but it was in complete disrepair. I got bids to repair it, which came in at over 5 million dollars. There was also a severe access issue that ultimately killed the deal. I learned a lot about commercial real estate from this property. It had a ton of potential, but in the end too many problems to risk buying it. I did not give up on my goal to buy a huge building. In fact, I have a 70,000 square building under contract now that consists of a restaurant, grocery store, a coffee shop, and some vacant space. This property is around the same price as the other building I tried to buy, but has paying tenants and needs almost no work. This property is a great deal mostly because the grocery store pays very low rent. I am set to close on this deal in January, but there is a lot that has to be don