The city of Vancouver has many real estate development projects in the works. There is a demand for condominium units that make presales a hot commodity, and owners are even flipping these units for a profit even before construction is finished. But forget that in each route, you don’t want to be in trouble with the government by selling to foreign investors.
Rise of Rentals
One of the types of commercial properties you can own in Vancouver is a rental property, which can be used for any kind of business idea. These commercial properties can be inside a mall or standalone stalls in busy streets. Your goal is to find a property that has a good earning potential and to turn it into a good business opportunity by renting it out to a business that you know will thrive in the area.
Using Your Own Space
You don’t have to be a real estate magnate to get some profit from your investment. You can use a commercial property you have bought for a business idea you have in mind. As you don’t have to pay the rent, you can lower the cost of your products or services to gain more attention. You also have more freedom in the kind of business you put up. If you want to work on your passion at the same time, try not to focus on profit. For instance, you can set up your own gallery and feature your own artwork or those of artists you love.
Selling Real Estate
Not all real estate owners have what it takes to be an entrepreneur. If you don’t have the time to lease out the property, it’s better to let it go and get a profit from its sale. This means looking for a real estate agent to help you with showing the property to potential buyers and dealing with the turnover. Considering how hot real estate is, you won’t have a hard time finding a buyer.
There are so many things you can do with commercial real estate properties. You just have to choose what you’re up to.