Making the switch from residential investment properties to commercial investment property.
Several real estate investors who "work their way up the ladder" start with their primary residence. Their first solely investment property is a residential rental close to their primary residential property. As their net worth increases and time poverty takes hold, the judicious move into commercial real estate.
Managing commercial real estate is undemanding in comparison with residential. With business leases the tenant takes care of just about everything, the leases are usually several years in duration, and keeping the rent paid is mandatory for the tenant.
The commercial market in Breckenridge is not huge compared with any metropolitan area or even as compared to the rest of Summit County. However, patient investors are rewarded with acceptable cap rates, solid appreciation, and, in many locations, strong upside possibilities for redevelopment.
If you are interested in making the real estate investment switch to commercial, please don't hesitate to contact Your Mountain Broker at 970-393-3300 or email us.
Love Life, (to see if there is sun in the near future
for the weekend weather)
Yve Johnson
Your Mountain Broker