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Let’s be honest. When you were a little kid and someone asked you what you wanted to be when you grew up, what did you say? If you are like most people you probably answered fireman, policeman, or possibly a doctor. You most likely didn’t answer ‘metal building owner.’ It doesn’t sound sexy and it might not raise a lot of eyebrows at cocktail parties. However, if you saw the amount of money that some of the owners of these investment properties made, you might start whistling…
metal buildings, metal building
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Let’s be honest. When you were a little kid and someone asked you what you wanted to be when you grew up, what did you say? If you are like most people you probably answered fireman, policeman, or possibly a doctor. You most likely didn’t answer ‘metal building owner.’ It doesn’t sound sexy and it might not raise a lot of eyebrows at cocktail parties. However, if you saw the amount of money that some of the owners of these investment properties made, you might start whistling a different tune. Let’s take a look at the top 2 reasons why metal buildings can often make a truly great financial investment.
1) Recessions. I don’t know about you, but I’ve lived through quite a few different recessions over the last few decades. And what is funny is that every time I drive by one of these metal building that I see around, they always seem to be rented out: good times or bad. There probably is no such thing as a truly recession proof investment property, but the metal buildings I’ve seen around seem to usually pretty well filled up regardless of the economy. Recessions seem to happen every few years or so, so it’s great if you can purpose property that can withstand economic downturns.
2) Flexibility. A lot of the metal buildings that I see around seem to be use for a whole bunch of different purposes. Of course, there are zoning regulations to deal with in different cities, but sometimes, these metal building can be used for purposes as diverse as machine shops all the way to storing farm equipment. As any serious real estate investor will tell you, just because you own a great piece of land for one tenant’s particular purpose, it doesn’t necessarily mean that it is going to be easy to rent out if that tenant decides to leave. The key is flexibility. Metal building can be really great in that regard due to the fact that they don’t have to be used for the same purpose every time that they are rented out.
There are a few issues to keep in mind when considering buying a metal building. Learn them before making a big investment in a metal building.
