What Are Some Of The Different Types Of Real Estate You Can Invest In?

19 July 2022
 Categories: Real Estate, Blog

You might have heard good things about real estate investing and might have thought about getting involved in it yourself. However, you might not know about the different opportunities that are out there, and you might be unsure of which ones you should look into. These are some of the different types of real estate that you can invest in.

Single-Family Homes

Perhaps one of the most common ways to invest in real estate is to invest in single-family homes. This can range from small houses and mobile homes on private lots to much bigger and more luxurious properties. These homes can be purchased at an affordable price — such as if you purchase a fixer-upper or a home that is being auctioned off by the bank — and can then often be resold for a profit, particularly if they are fixed up. Another option is to rent out the homes to tenants; then, you get to keep the properties, but you will collect rent for each property on a monthly basis.

Multi-Family Homes

Multi-family homes range from simple duplexes and triplexes up to large apartment complexes with multiple buildings and hundreds of units. Multi-family properties can be purchased, fixed up, and then sold for a higher price. However, many people who invest in multi-family homes choose to purchase them and rent out each of the units to different tenants.

Mobile Home Parks

Many people think of the above-mentioned real estate investing options when they think about investing in real estate, but a lot of people never think about the option to invest in mobile home parks. However, this could actually be a great investment. Basically, with mobile home parks, you purchase a piece of land that has been divided into different lots. Each lot should have utility hookups and should be prepared for the set-up of a mobile home. You can rent the lots to people who own their own mobile homes and are looking for a piece of land on which to set them up. Another option is to set up mobile homes on the lots yourself, which you can then rent or sell to others.

Commercial Real Estate

Of course, you don't have to be involved in residential real estate in order to get involved in real estate investing. You can buy and sell commercial properties, from individual restaurants or stores to big shopping centers and shopping malls. You can also purchase these properties and rent them out to commercial tenants.

For more information on real estate, contact a professional near you.