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Long-term rental properties – Another type of long-term rental involves signing a year-long lease. Multi-family units are an option as well. It all depends on your personal preference and the amount of capital you have available. However, if you are good at renovating, owning rental properties is a great option. Obviously, you need a substantial amount of capital to cover maintenance and vacant months.
Investing in distressed assets – These investments are often more risky than traditional real estate. Investing in distressed properties is also risky, so you need to make sure you’re working with an experienced developer. If you are unsure about whether distressed assets are a good investment, research your options carefully. Be sure to consult with a real estate agent and understand what you’re getting into. By following these tips, you can make wise investments in real estate.
Income-generating properties – Investors often buy commercial property instead of residential properties. While commercial properties are more expensive, they command higher rents. Some people buy mixed-use properties. If a residential property has two separate uses, it’s likely to be an excellent option. This way, you can get the most bang for your buck, even if your investment isn’t profitable at first. It’s all about knowing which type of property suits you best.