Buildings In Town Centers?
I am a beginner, but have some interest in buying property in town centers. By that I mean stores in towns with train stations in walking distance that are out of favor because of the move to mall shopping. How can I get started on this? Are there any books which cover this type of real-estate?
Its an interesting strategy Woolie, tell me more about why you think this will work?
Why? Because things that are out of favor are cheap. At least they should be. BTW, my email is **Please See My Profile**
Ok, granted they are cheap. What are you going to do with them? Just sit and wait and hope for a change in popularity? Rent them out to some use other than the traditional retail (which has evaporated and isn't coming back for a _long_ time)? If so, what? I am very interested in your exit strategy here.
Probably no books to recommend (although I'm working on one) but you are right-- because of low demand its a buyers market.
well, train stations aren't moving. So if the oil world falls apart, as is predicted, there will be a lot more people taking mass transit. The time frame for the end of oil should be researched
Well if it were me I'd want some sort of strategy for holding these things at a profit while I wait for the oil ecnonomy to collapse.