What are the seven best investment property types?
Want some guidance on what types of real estate make the best investments? Read the article below for the seven top best investment property types. ?Check out all the details below.
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For newcomers to the world of Real Estate Investment, the value of various properties can often be difficult to understand. For instance, how could one hundred acres of land sell for only one thousand dollars in some markets?
Of course, the value of land in one part of the country can vary wildly from coast to coast, depending upon the area and the degree to which the property has been developed. Below are the seven best investment property types.
First of all, there is always land for sale in the larger cities, but land in areas like Los Angeles is going to be more expensive than land in Texas. Because of that, knowing when to invest is an important part of getting the best deal.
You can either buy property during the boom part of the real estate economic cycle, or buy your land in areas outside of the cities in Southern California ? thereby avoiding the expense, but still getting investment property in an area with a rapidly growing population. A second option is to purchase land near the ocean.
Many times you can happen upon a lot near the ocean front that is available for residential construction. In those cases, you can almost guarantee that your investment is solid and that the return on your investment will be substantial.
The third type of investment that can provide outstanding return is lake-front land. Not only are these properties less expensive to invest in, there are a larger number of them than ocean-front land, as there are many more lakes and rivers than oceans. Barring lake-front availability, you have the fourth type of investment to consider ? lake-view property.
If the area is still growing, you will be able to count on residents wanting to live within a few short blocks from the water. Fifth, you can always count on a successful and profitable return on land adjacent to a golf course. There are always people who are looking for the opportunity to walk from their home, across the street, and onto the links.
The sixth and seventh top choices for real estate investment are gated communities, and ranch lots. With gated neighborhoods, you have the advantage of top-dollar properties that are the ultimate in safety. Research the neighborhood compact prior to investing to determine if you will have the freedom to develop the land to the extent necessary to bring you the highest possible return.
As for ranch lots, they require a much larger investment, but can also bring a huge return for the money. For example, 100 acres next to an area that is rapidly developing can allow you to quickly realize a profit if you are able to invest in the roads, houses, and utilities necessary to develop the subdivision.
Article by Chris B. Jenkins
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