Coldwell Banker Chicora Advantage Blog

Real Estate in Myrtle Beach, SC are Hot Pickings for Business Owners

Posted: January 20, 2015 by Rod Smith

If you’re looking to make a move on some real estate property, buying commercial assets can be a good choice, market conditions permitting. In a December 3, 2014 article for NuWire Investor, Lawrence Fassler said that such investments provide a hefty return and may be shining points on your property portfolio. 

The above can generate smiles among commercial developers and investors right in Myrtle Beach, South Carolina. A University of South Carolina-Darla Moore School of Business study in 2014 said the city was the state’s leading star in terms of job growth, declining unemployment, and retail trading. Some experts say the national economic rebound indirectly boosted growth in the city’s services, hospitality, and tourism industries. 

If you came over to the Grand Strand and saw a lot of infrastructure being done, you may be in luck on the commercial development front. Why not jump in and invest in some real estate through Myrtle Beach, SC companies like Chicora Real Estate? Some points may appeal to you:

Different Avenues

When buying into some CREs, you have the choice on what infrastructure projects to have built there. According to Fassler, a look at local market conditions can help you decide on diversifying the property. For instance, a CRE that was once a school can be repurposed as a mixed-use development or a professional training center in an area of high employment. 

Asset Value

The biggest mark for commercial real estate or CRE is that it has tangible value. Fassler says that depending on the location and any activities in the area, your desired Myrtle Beach real estate may have strong defense from inflation and can still generate some value despite not reaching full potential. Your CRE asset also fits as collateral when taking out a loan.

Smiling Taxman

Investing in CREs with a company like Chicora may have some taxation advantages. If the property somehow loses value or you spent some money on the interest, Fassler claims some finance structuring may work in deferring or sheltering cash distribution taxes and lead to a modest return.  

It pays to put your hard-earned money into some meaningful ventures that will aid in your long-term financial security. Commercial real estate can be a great means to that end.

(Source: Why Commercial Real Estate Deserves a Place in Your Portfolio, NuWire)

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