Turn Real Estate Profits From Old Warehouse Properties

Did you know that you can turn a dusty old warehouse into a good source of real estate income? How is this possible? Typically, the real estate wealth builder uses borrowed money to buy the warehouse property at low cost at an auction or as a distressed property.

At any given time, warehouses are available as pre-foreclosures, foreclosures and for short sales. Some warehouse facilities are of historical interest and can be purchased through historical associations, specialty realtors, and government agencies, for little, or no, money down. Warehouse facilities can be very reasonably priced because owners want to unload them after they've made changes to their business.

If you buy a warehouse, you might turn the property into a uniquely interesting and attention-getting site, serving needs of tourists or business people and residents in the area. Well-kept but rustic warehouse facilities often have special appeal and can be retrofitted into upscale restaurants, taverns, retail shops, art galleries, amusement centers and many other types of attractions.

Another option is to rent the property to an individual or business that can develop the property into a money maker.

With the right kind of property in a sensible location and some rehab, a warehouse can practically "sell itself." We've visited three former warehouse or related sites where the business is booming every day. These places were an old brick warehouse turned into a restaurant/bar, a historic postal mail building turned into a highly successful retail shopping center, and a World War II factory turned into an art gallery. 

If you're interested in buying income real estate, a warehouse facility may be worth checking into. Such unusual properties can offer advantages over traditional income properties such as apartment buildings. Potential advantages of these kinds of properties include:

Warehouse facilities can be very reasonably priced. At any given time, warehouses are available as pre-foreclosures, foreclosures and short sales.
You will typically pay less borrowed money for such a property than you will for an apartment building, yet it can have great income-producing potential.
You may be entitled to special discounts or grants which state and local governments provide to owners of historic property.
Taking into account any zoning laws on the property, you can choose what kind of business, if any, you wish to have on the property
You can decide whether you want to live and/or work at the property or whether you want to be an "absentee landlord" with a regular monthly rental income

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