Property and Investment Real Estate

Installment #7

For this installment, we are going to get right down to the nitty gritty business of determining exactly what property is the best for investment purposes. As I am sure, you know there are several types of property. One type is vacant lots; these are pieces of property that have nothing but a few trees, some grass and probably a few insects on them. There are no buildings of anything else on them that can give the potential to generate a cash flow each month.

Another type of property is commercial property; commercial property sums up anything and everything that has to do with businesses, and is zoned as such with your county. This can be something ranging from a bank, to a tattoo shop, to even the grocery store down the road. The types of commercial property range greatly from a parking lot, to a 100-floor building to almost anything in-between.

Next, we have residential property; this includes several subclasses of property. Residential property is any property in which it is zoned and fit for habitation, meaning people live there. The subclasses of residential property include single-family homes, apartment buildings, and multi-family homes such as townhouses, and duplexes. While single-family homes are more common and can be purchased cheaper, there are some great deals floating around the real estate market for multi-family housing units. The costs for multi-family units must be carefully weighted, especially since they typically cost so much more than the average single family home.