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.
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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