Colfax (IL) commercial apartment / condominium building for lease, Colfax (IL) commercial real estate for lease or rent

A Colfax apartment or condominium building for lease may be available from an owner in Colfax (IL) who doesn't want to sell because of tax reasons, and doesn't want the continued responsibility of day to day running the operation. Understand the motivation of the Colfax (IL) owner and make sure the numbers work.

Colfax rental properties make a great investment income, but having to pay large down payments for Colfax (IL) property can eat up capital you may need for future repairs or Colfax (IL) property improvements and developments, by utilizing a master lease option you can save the up-front costs, build equity into your Colfax (IL) property and finance via bank loans at a later date. Have a good lawyer write up your real estate contract to protect your future plans, and research the Colfax (IL) property for any bank holding or liens.