OFFICE SPACE
As businesses in various industries continue to grow and flourish, there becomes an increased demand for office spaces. These properties are greatly desirable due to their common location in bustling downtown areas and big, impressive office parks. Owners of office real estate can make a generous profit with high rental rates and long term tenants in areas that enjoy a positive economic environment.
MULTI-FAMILY RESIDENTIAL
Multi-family residential units are often where newer real estate investors choose to place their money, and for good reason. As long as you find a property that is in good condition and in an appealing neighborhood with low vacancy rates and are able to fill it with credible tenants, this can be a fairly simple way to earn quite a bit of money over time, even more so than with commercial properties. It's a fact that people will always need a place to live, making it easy to keep spaces full while collecting a stable income.
SINGLE-FAMILY RENTAL
Just like its multi-family counterpart, owners of single-family rental properties can look forward to a nice, steady cash flow each month and to making a profit even after all expenses are taken care of. Rental properties can frequently be purchased for less than market value, and they give owners the chance to take advantage of some considerable tax deductions.
RETAIL
Retail locations may include stand-alone brick and mortar buildings or entire shopping centers. Oftentimes, in shopping center situations property owners find they fair much better if there is an adjacent retailer that is well-known and will draw large crowds, such as a Wal-Mart, Target, or grocery store. Something to keep in mind is that, although owning a retail property can seem high-risk since performance and sales are largely based on the prosperity of the economy, retail tenants usually sign longer leases and are less likely to relocate than companies renting office space.
INDUSTRIAL
Industrial properties can also be a good place to start for first-time real estate investors. Owners can typically count on lower operating expenses, less hands-on management, and require smaller amounts of money to invest. These properties are utilized for a wide range of industrial uses and must be functional for its specific purpose, sometimes needing office build-outs and a large outdoor space.
Whichever type of property you choose to invest your time, money and efforts in, you will want to consider the neighborhood, property taxes, crime rate, local job opportunities, number of nearby vacancies and future development plans for the area. All of these factors will play a significant role in how successful your real estate investment turns out to be.
Shared from: http://accuplan.realtytimes.com/advicefromtheexpert1/item/40725-5-types-of-properties-that-make-the-best-investments
