Airbnb customers are finding temporary lodging in West Texas and the Hill Country and helping to drive up the popularity of real estate in these areas. According to Airbnb, five rural counties in Texas have brought in over $1 million in earnings from August 2017 to July 2018. Equally impressive was the growth rate in the 177 rural county Airbnb's in Texas, which saw an increase of 93 percent. That's double the growth rate in urban counties.
The decision to enter the real estate market is never easy. There are so many things that can go wrong, especially when you are trying to purchase a piece of commercial property. There are various reasons to purchase a commercial property, including finding space for your business or to rent it to others for some income. Let's look at the considerations you need to make when buying commercial property in Texas.
The local real estate investment company, Internacional Realty, recently purchased a massive, 208-unit-sized apartment complex in Universal City. The firm bought the property from Lowe Enterprise Inc., a real estate development firm based out of Los Angeles. The apartment complex in question is named Sunrise Apartment Homes.
If you're in the market to become a commercial real estate investor -- or if you're a real estate investor who plans to increase your commercial holdings -- it's important to understand the kinds of investments that are available to you. In fact, there are many different categories of commercial real estate.
A real estate transaction is a complicated process. In addition, every buyer and seller comes from a certain background. People from all walks of life buy and sell property. There are many options out there to cater to different financial situations. This can sometimes be beneficial, and sometimes troublesome, if done incorrectly.