Is buying commercial property for income a good idea now?
Buying commercial real estate can be a secure and profitable investment if you take the time to research, get advice from experts and know your risks and benefits. “There are four main reasons to buy investment real estate: cash flow, appreciation, depreciation and principal pay-down,” says Mike McCaffery, Investment Property Consultant, GFS Commercial, a division of the Guiltinan Group Real Estate Specialists. Owning commercial real estate can be a great way to diversify your portfolio, create tax benefits and build wealth. However, buying commercial real estate can be a risky business, especially these days when many people are getting into real estate without completely understanding the industry. “There are different kinds of investors. There are some people who are very wealthy and they’ll buy trophy properties for example and the returns are very minimal, but they hold them because they want to have a long-term hold. A lot of other investors want the cash flow so they’re going to
