Have you been thinking about investing in commercial real estate lately? If you have, you’ve made a wise choice — commercial real estate is often thought of as the number one most stable investment in the United States. Some popular tenants for commercial sites include medical centers, office space, hotels, and restaurants, but a myriad of different business ventures could fill your space easily.
Before you take the plunge, it is of course advisable to talk to a real estate development company and a commercial real estate investment company, to get all the nitty gritty details straight. But don’t be deterred — commercial real estate is a great direction to take your investment.
Here are three reasons why investing in commercial real estate, and working with a commercial real estate developer can be a great idea:
1. Real estate is like wine — it gets better with age. It’s an investment for the future — over time, your commercial real estate will build valuable equity that you can use towards other investments. These might include more real estate, the opening of your own business, or additional investment in your retirement account. Indeed, investing in commercial real estate allows you the chance to let your property appreciate in value.
2. Tax write offs — did you know that investing in real estate can offer the investor the opportunity for several tax write offs? Over the years, this can save you untold amounts of money at tax time, maximizing your revenue.
3. It offers the opportunity for a steady stream of income. The rents and leases of commercial real estate provide a steady stream of cash for the owner, making them a profitable investment — if you make improvements, are a good landlord, and your commercial real estate is located in a profitable spot, then you can certainly pay off your mortgage and have a steady stream of extra income at virtually no cost to you.
There are no two ways about it — investing in commercial real estate is both a good long term and short term investment. In many ways, by making quality commercial space available, you are also helping to boost the local economy and development of your area, as well. Commercial real estate development companies and their commercial real estate developer can easily help you on your way.
