If you’re considering real estate investment, it’s important to begin by researching not only what the market looks like and what is needed to make a smart investment, but also the different types of real estate investment and what will work best for you. Just like any other investment, real estate has pros and cons and they vary depending on what type of investment opportunity you decide to dive into.
The first type of real estate investment is probably one you’re the most familiar with: residential. This is where you would be investing in houses, apartment buildings, townhouses, and vacation houses that you rent out to individuals and families to live in for a set amount of time stated in the rental agreement.
In a similar fashion, you can also choose to invest in commercial real estate which is usually office buildings and skyscrapers that you rent out to businesses. Unlike residential real estate where the rental agreement is often for 12 months, commercial rental agreements are often for a few years which can give you a more sustainable income.
Industrial real estate investment can cover a variety of businesses and buildings. It covers everything from industrial warehouses that businesses can use as their distribution center to storage units and car washes.
Shopping malls, strip malls, and other retail storefronts fall under the retail real estate investment umbrella. On top of getting revenue from the rental agreement, some landlords also receive a percentage of sales generated by the tenant store.
The largest real estate investment project involves a little bit of everything and is often referred to as a mixed-use development property. Those with significant assets often find a largely undeveloped area of land to build offices, residences, and retail space that they can rent out to several individuals and businesses to generate a large amount of monthly revenue.
There are so many ways to dive into the real estate market and invest in an opportunity that can potentially bring in large revenue streams for you and your family every month. If you’re curious about how to get started and what properties may be a great investment for you, give our team a call! We’re happy to walk you through the current projects and properties that are available in the area and get you started on your real estate investment journey–schedule your complimentary Real Estate Investor Consultation today:
