Big Bear Real Estate property owners buy for a variety of reasons. Some seek to move their residence to this lovely mountain community, while others desire a second home for weekend escapes. However, there are those who seek real estate investment properties.
Perhaps you have heard about real estate investment but were not quite sure what what options are available. There are a variety to consider if you are seeking to make such an investment. The categories to consider include industrial, retail or commercial, residential, or mixed use real estate options.
The Big Bear area offers a variety of property options. Because it is a smaller community, there are limited industrial investments available–but there are a few. Traditionally these might include things such as a special purpose site that can generate sales from those who use the facility. For instance, Big Bear has several storage unit facilities and both a self-service car wash and a more comprehensive car washing facility. Consistent revenue streams come from the repeated use of such properties by the consumer.
Commercial real estate investments exist and the Big Bear valley supports a few major shopping centers along with a variety of retail centers. The area is unique in that it supports a wide variety of small business operators. As the valley has grown into a popular four season resort, more and more franchises and chain stores are opening up. This provides additional job opportunities and conveniences for both the full-time residents and visitors. Rented or leased retail spaces generate a rental income and many of the business operators handle the maintenance and repair of such properties, which can be a perk for the property owner.
Residential homes are often used seasonally by second homeowners. Some provide weekend escapes for the family and friends but they may also be leased or rented out on an ongoing basis. There are property owners who also take advantage of opportunities that are available on a shorter term seasonal basis. For instance, the area is popular with vacationers and seasonal resort staff, so there are more opportunities to rent a home property than exist in non-resort areas.
Finally, mixed real estate investments might combine any number of these different property investment strategies to create diversification. As you can see, there are a number of things to consider when buying Big Bear Real Estate.
Now that you know about some of the different options available to you in the Big Bear Valley, the Rahill Real Estate Group invites you to take some time to search Big Bear Real Estate listings. We’d love to help you in your real estate quest, so call Will Rahill at (909) 547-4402 for assistance!