Is Property Investment a Good Investment?
Commercial listings activity slowed to a fifteen-year low this quarter, according to the National Association of Realtors. The favorableness of commercial real estate investing has plummeted due to the inaccessibility of credit and decline in demand for office and retail space. Plazas are beginning to look like ghost towns in many cities and developers are thinking outside the box to re-imagine entire sections of town with mixed-use space involved to cover all bases and mitigate losses. Despite the tough times, you may be able to see the silver lining around the corner. Indeed, for the steadfast, there are ample opportunities to buy an investment property that will eventually churn a profit.
Many first-time investors like to go through a licensed real estate investment property broker when dealing with expensive commercial listings. The three biggest real estate franchisers are Century 21, Coldwell Banker and RE/MAX. Century 21 offers overseas property listings in 60 countries and consists of over 8,800 offices and 145,000 real estate professionals. Coldwell Banker consists of more than 260 companies and 3,000 real estate agents, with “the largest geographic footprint,” they say. RE/MAX offers millions of properties spanning 70 different countries on six continents. Whether you’re looking for overseas or USA property, you will find a base of knowledgeable professionals to help you make the best decision.
Cityfeet is another good place to look at commercial listings. This online commercial real estate investing network has been featured in the New York Times and www.realestate.com. They offer office space, executive suites, land, industrial property, retail centers and business buildings for sale. You may also search bank foreclosures and property auctions too. You can sort searches by use, size and price. You’re able to save searches, email search results to yourself and contact agents (without signing up) if you’re interested in a particular property. Also, the “resources” section can let you know how to finance your purchase with investment property loans, business credit cards and a business line of credit.
If you are worried about the economic recession, then perhaps commercial listings are not for you. A better place for first-time investors to start is in multi-family housing units or small single-family residences converted into apartment buildings for sale. These types of real estate investments are generally easier to manage and maintain, comparatively. It’s advised that you take a couple of real estate courses before you invest so much money into your dream. There are a number of challenges and potential pitfalls when you’re just starting out, but over time diversifying your investment portfolio can really pay off.
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