128: Why I Bought Four Commercial Rentals this Year

Back in 2013, I made a plan to purchase 100 rental properties. When I made that plan, I thought I could keep buying great residential rentals in Colorado. I had no idea prices would almost triple while rents would only increase 50 percent. Because of the market, I have had to change the way I invest. I bought my last residential rental in 2015 and have been focused on flipping instead. I like to set goals every year, and for 2017, I did not have a plan for buying rental properties, although I did both want to find a new market to invest in and invest in a 50,000-square-foot or larger building.

I have bought four smaller commercial properties this year, which was better than I could have hoped for. At one point this year, I had a 280,000-square-foot building under contract, and I have a 70,000-square-foot commercial property under contract now. To hear all about my commercial investments, how my strategy has changed, and what I plan to do in the future, make sure to listen to this episode of the InvestFourMore Real Estate Podcast. I am also having a Black Friday Sale today so be sure to keep reading below for details.