Dinn, Hochman & Potter, LLC
TF: 800-233-4079
L: 440-681-8005

Commercial real estate offers many options for investors

Many who are looking to diversify their portfolios are discovering the benefits of investing in real estate. While it is common for those new to the Ohio real estate world to consider residential properties, more experts are encouraging investors to look at the flexibility and stability of commercial real estate. In addition to tenants who typically remain in place longer than residential tenants, commercial real estate offers multiple options for getting started with investing.

An owner of commercial property can expect to have lower tenant turnover and longer leases, which means steady income for a longer period of time. An investor also has options for purchasing properties that meet the buyer's level of experience and financing. For example, a class A property may be more expensive because it is newer and in need of fewer repairs. A class C property may be affordable but require extensive renovations and some creativity in attracting tenants.

Someone looking to invest in commercial real estate can ease into the process by co-investing with several partners. This allows the partners to share the work and the profits. Some investors join real estate investment trusts, also called REITs, which require little more than a financial contribution to obtain a share in the property.

A wide variety of commercial properties may be on the market at any given time. Investors may wish to look beyond traditional office buildings or storefronts. For example, car washes, laundromats and storage buildings require little effort to maintain and can be highly profitable if well marketed.

No matter which area of commercial real estate an investor wishes to explore, he or she is certain to meet with Ohio and federal laws. Having a legal advocate to guide one through the complications of acquiring investment properties can ease the stress and frustration. A skilled attorney can assist with the purchase and sale of a property as well as issues related to zoning, financing and construction.

No Comments

Leave a comment
Comment Information

Office Location

Dinn, Hochman & Potter, L.L.C.
5910 Landerbrook Drive, Suite 200
Cleveland, OH 44124
-6500

Local: 440-681-8005
Toll Free: 800-233-4079
Fax: 440-446-1240

Cleveland Law Office Map .

Super Lawyers AV logo | Distinguished TM | AV | LexisNexis Martindale-Hubbell | Peer Review Rated | For Ethical Standard and Legal Ability | TM | 2011 | Clifford N. Ribner Lead Counsel Rated VISA | Master Card | American Express | Paypal

Stay Connected With Us