Commercial Foreclosures
I live in a small town that was devastated by the housing crash. The towns economy was tied to the construction industry because most of the growth was people selling their California properties and retiring here. As the residential grew at a rapid pace, the commercial projects started coming too, and when things went south, so did everything else. The commercial buildings are now in serious trouble. and I am already seeing the foreclosures starting. My question is, can there be money to be made in buying or flipping these properties when the vacancy rate is 50 to 100%? Some of these buildings are just sitting there and have never been occupied.
Steve
I think this a natural progression of location if ther are workers / students in the area during business hours.