Investment is a frightening, complicated concept, especially when it comes paired with commercial real estate. It doesn’t have to be complicated though; here are three types of properties you may want to consider investing in:
1. Multifamily Homes and Farm Land
While this is the most well-known sort of commercial real estate investing that takes place, it certainly is worthy of mention. In this scenario, you would probably be renting or leasing the different living spaces to people in order to make a profit. You would be charged with maintaining the property, but oftentimes, barring utility issues, the tenants will maintain their living spaces. This is some of the more straightforward commercial real estate investing that you may do.
2. Office Buildings and Retail Stores
If residential landlord-ship doesn’t sound quite up your alley, then consider buying commercial real estate in the form of business locations. This sort of investment comes with a certain amount of prestige. Renting to a building gives you influence over scores of peoples’ livelihoods. The commercial real estate values only at what you value it at, so that intangible element should be taken into consideration. An interesting part of this sort of investing is the relationship it can help you to develop with a business. This initial contact with these businesses can help you to get a feel for how trustworthy they are and how successful they will be, sometimes helping you to make sounder investments in stock.
3. Warehouses and Garages
If you are worried about the stability of renting to businesses, warehouses and garages may be a nice substitute. These function much the same way as the the business locations, since businesses also operate out of or through warehouses and garages often enough, but come with a safeguard: the storage industry will never, ever go out of style. No matter what people are buying or selling, it will need to be stored somewhere. Even if no business comes your way, you still have access to that space for your own purposes. That seems like a high-utility investment if ever there was one. What are you interested to invest in?