Whenever the subject of real estate is discussed, commercial properties typically come to mind. It’s no secret that a lot of investors have made a name in the field—not to mention a lot of money in the process. Take for instance Iowa natives and brothers Charley and Pete Thomson, who’ve made a significant fortune owning a roster of commercial properties worth about $750,000 in their hometown of Charles City.
There are numerous reasons to invest in properties like condos for sale in Myrtle Beach, SC for commercial use. For one, the economy of scale is astounding. In simpler words, an investor can manage a lot more properties than mere residential homes; hundreds more, even. And the perks don’t stop there. The sheer number of properties on hand make it more convenient for the investor to tap an onsite manager and maintenance person to oversee the property, essentially putting the former out of the property management scene and easing his workload.