Commercial real estate can be a great investment at any point in your life, and even more so when you’re retired. While other investment opportunities like the stock market can present a high risk, investing in commercial real estate like an apartment building can be an opportunity to make a great return on your money. Here are a few tips on how to get started with commercial real estate as a retiree.
Be patient
It can be tempting to put your money in a high-risk, high-reward option like stocks. Or, to look for a low-risk, low-reward opportunity like CDs. But if you’re looking for an opportunity to build equity and make a great return on your investment, commercial real estate is a great option. Like anything, it can take time to find the property that’s right for your needs and your current situation, but when you do it can provide a stable monthly income to supplement your retirement.
Look for property with flexible management options
Depending on the lifestyle you’re looking for in retirement, investing in commercial real estate can be a great way to stay involved in light work by maintaining a part-time job. Some commercial real estate properties offer management services that can be flexible about the services provided, offering you an opportunity to work at the front desk with the leasing office, perform light maintenance work in the building, or work on lawn or other yard care. If you’re looking for an investment that’s easier to manage, it’s also possible to find management companies that will take care of everything for you.
Get help from a commercial real estate professional
No matter how you decide to start your investment journey with commercial real estate, it helps to have the advice and guidance of a professional. A commercial real estate professional can offer answers to any of your questions, as well as a valuable perspective on the benefits of investing in commercial real estate during your retirement years.
Contact me today to get started with your commercial real estate search!
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Interesting. I know several people who own vacation rentals. I wonder if they had thought of purchasing commercial property instead.
That’s really interesting. I never thought of a commercial property in those terms. Thanks for the advice. A vacation property is on the list of things to do, I’ll have to keep that in mind when the time comes.
Great idea
Great idea!
I’ve always loved the concept of real estate investment. Tried to convince my husband years ago and his apprehension was being a landlord! But there are other versions. Great job! P
Thanks for the suggestions!
Great article, Holly! This definitely gives me something to think about in the future! 🙂
Oh Real Estate is definitely something I would not attempt to get into by myself – I need an expert like you! 🙂 Now zilch about it… Thanks for the info, very informative. 🙂
Great information! Gives you something to think about.
This is very interesting. So commercial real estate is different then residential, I see. I never thought of it as an investment because in my head I was linking it together. Thanks!
Love your suggestion to be patient. Everyone wants everything, right this minute (and yes, I’m one of them!). But it’s important to know your risk-aversion levels and do you research — and a commercial property broker is a great place to begin.
Enjoyed your post today
Great read thanks for sharing via Goggle+.
You’re welcome, Lisa!
buy and hold is key rather than buying to flip even though flipping can excellerate your eequity position sooner. i started out early ,in my 20’s as a hobby and second job. if your young you have time on your side to build equity. the older you are then converting your cash to an equity position to obtain a mmuch higher yield and safer returns will be necessary. Holly can show you the path to 10-15% returns.
Spoken like a true investor!
Another thing I love about it is that you’re able to provide housing and beautiful living environments for others 🙂
Like with any investments, especially upon retirement, timing is everything. So as along as you understand the risks with Real Estate and you pay close attention to the market, you definitely can get great returns.
Interesting article. Thank you for sharing.
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