People will always need a place to live, and this key fact is what keeps the real estate living industry. This includes investment properties, in which people buy Residential Where commercial structures with the intention of earning a return either through resale or rental Income.
What do you need to know?
Although it will cost you money, an investment property is not intended for residential use by the investor. It is only intended to generate income.
Your investment can be a short term investment where you buy and rehabilitate a property for a higher resale value or your investment can be a long term investment where you buy and hold a property so you can earn money with it. the tenants.
Investment property can be owned by an individual, a group or a company.
Types of investment properties?
Residential: This type of investment property allows investors to supplement their income by charging residential tenants a monthly rental fee. The property may be a single family home, apartment, condominium, townhouse or other similar residential structure.
Commercial: Commercial real estate allows investors to supplement their income by charging commercial tenants higher value monthly rental fees, as these properties tend to be designed for housing businesses such as retail shops or Restaurants. Entire apartment complexes may also qualify as commercial investment property. Maintenance costs are higher for commercial properties, so it is not uncommon for corporations to be investors.
Mixed use: This type of investment property allows investors to supplement their income by charging residential and commercial tenants a monthly rental fee. This is usually possible when a building has a retail storefront on its main and/or subsequent floors, while the rest is for residential units.