Types Of Investment Property
For those who want to make some money in real estate, there are many different types of investment property from which to choose. Depending upon your skills, you may choose to invest in a rehab house, a foreclosure, rental property or a new home.
Across the United States there is a drought in the real estate market. In most cities across the United States, there are more homes for sale than there are buyers. Although the real estate market is depressed, now is a good time for those with money to find many different types of investment property.
If you are a tradesperson, or have family members in the trades, you can invest in land and build a home for much less than you would pay to buy a new home from a builder, or, in many cases, than you would pay for an existing home. By doing the general contract work yourself, you can save thousands of dollars in costs and if you invest wisely in a good piece of property in a desirable location, your home will gain equity as soon as it is completed.
Another type of investment property is a rehab house. This also makes sense for people who have some trade or knowledge of a trade. Many homes that are run-down are listed as "handyman's specials." These homes are usually priced quite a bit lower than others in the same market, simply because they need repairs. Many people often think of purchasing rehab properties when thinking about types of investment property.
When discussing types of investment property, the subject of rental properties often arises. Rental properties are purchased solely to rent to other individuals. In this way, you can own a piece of property with or without a mortgage, and gain income or pay the mortgage from the rent.
Foreclosures are one type of investment property that many are hot to find. Foreclosures are properties where the mortgage holder defaulted on the loan. In such cases, the bank or lending company takes over the property and tries to sell it, usually for the amount that is owed on the loan and in many cases, even less. Many people purchase lists of foreclosure property hoping to make a good investment.
Not all real estate markets are depressed. In areas where the homes are rapidly appreciating in value, investors often purchase a home that is under construction, or new construction offered by a builder. Investors put little money down, wait for the home to be completed (at which time it is worth more than what they originally paid) and "flip" the home by selling it to another buyer at the time of the closing. Many investors make thousands of dollars playing the flip game in the real estate market.
Your circumstances, knowledge, capital and skill must all come into consideration when thinking about types of investment property you wish to purchase. The types of skills and knowledge you have will determine which type of investment property is right for you.
Pennsylvania, Fort Lee, Mercedes, Jacinto City, New Hampshire, Mandan, Lake Worth, Marshall, Dania Beach, Paragould, Bloomington, Mentor, Okmulgee, Pampa, Berkeley, Westbrook, Amarillo, Indian Trail, New Mexico, Shelby, Murrysville municipality, Torrington, Windsor, Cahokia, Maine, Cedar Hill, Bound Brook, Carrollton, Helena-West Helena, Searcy, New York, Baldwin, Coon Rapids, Carroll, Laconia, Bloomsburg, Farragut, San Bernardino, Fayetteville, Everett, Riverdale, Miamisburg, Guam, Longview, West New York, Evanston, Lake Zurich, Guttenberg, Little Chute, Santa Monica, Orlando, Brockton, Perris, Laguna Hills, Boynton Beach, Charleston, Spencer, Bowling Green, Montana, Bowling Green, Maple Heights, San Carlos, Richmond, Tinton Falls, Huron, Wisconsin, Greenville, Fairhope, Morrisville, Monroe, Glen Rock, Wyoming, Dublin, Temple Terrace, Cloquet, Nevada, Homestead, Altoona, Fenton, Wilmington, Tuskegee, Eustis, Reynoldsburg
Strict Standards: Non-static method Comment::FromPostData() should not be called statically in /home1/newlife/public_html/investmentpropertiespro/comments/comments.php on line 529
Buying Bank Owned Homes As Investment Properties
By Simon Volkov
Bank owned homes are houses which have been repossessed by banks due to foreclosure. Foreclosed real estate is first placed for sale through public auction. If no one bids on the property it is returned to the lender and can be held as an asset by the bank or listed for sale.
[READ FULL ARTICLE]
3 Reasons to Invest in Dubai Investment Property
By Joel Teo
Learn 3 good Reasons why you should invest in Dubai Investment Property: Dubai one of the states in the United Arab Emirates (UAE) seeks today to move away from its traditional oil dependence to a more balanced one based on tourism and services. As a result, its economy has grown with more and more tourism resorts coming up to meet this aim. This article will list three reasons why you should invest in the Dubai today.
[READ FULL ARTICLE]
Investment Property - What to Repair When Flipping a Rehab Investment
By Jay Redding
One of the most common forms of real estate flipping occurs when the investor finds a good deal on a property that needs repair, fixes the issues, and resells the home at its retail value for a (hopefully) substantial profit. As with anything, rehabbers come in all shapes and varieties, and the degree to which they are involved in repairing the property varies accordingly.
[READ FULL ARTICLE]
The Time is Right for Investment Property Mortgage Refinance
By Terry Edwards
If you own investment properties, then you may want to consider refinancing them and get a lower interest rate. This may lower your payments, which can mean more money in your pocket. Even though the housing market may be in a slump right now, it is still a good time to refinance while interest rates are still low. Read on to discover how to get the most from your investment property mortgage refinance.
[READ FULL ARTICLE]