Times constantly change, and every day, someone or some group of people is working to change the way(s) we make money off of, not just investments in general but in the Real Estate world as well. The list of types we provide you is not the end-all-be-all but is a guide to help someone who is starting to navigate the sometimes confusing world of Real Estate investing. Some of the easier types for beginners include:

Single-Family Residential

These are normal households that contain just one family. Don’t get me wrong; sometimes, more than one family is packed into them, but for all intents and purposes, the single-family dwelling is for a single family.

Multi-Family Residential

These are often called “doubles” because they are one building with multiple units inside. They are not quite as big as an apartment complex, but they are not single-family dwellings. Sometimes, these properties can share gas lines, water lines, washers/dryers, and more.

Apartments

Most of us are familiar with apartments, as we probably lived in one during or after college or currently live in one. Almost 20% of the United States population lives in apartments. Apartments often have shared community areas, swimming pools, laundry facilities, and utilities. They are also a great place to make extra income by installing vending machines and other luxury items for your tenants.

Commercial

Commercial properties are those businesses that are used to earn money or perform tasks required to earn money for the company. Sometimes, these can be storefronts or even bigger warehouses. One of the best aspects of commercial real estate is that once a vacant spot is discovered, a new, bright-eyed business will look to take it, especially if it is located in a very nice and accessible area.

Mixed-Use

Mixed-use properties are generally those businesses you see that have residential space or apartments above them. The owner of the property can lease both the residential units and the commercial units. This could be many things, from a storefront to storage to nightclubs. This area can often include things like vending machines or other ancillary methods of making more income.

Want to learn more about your options or how you can make even more money on your property or future properties? Contact Buckeye Northwest Realty today and learn how one of our highly skilled project managers can help you take your dreams to the next level!