Land Real Estate
Beyond investing in buildings, you can invest your money in land to resell, rent or develop . Raw land is commonly leased to farmers, flipped and sold to developers or developed by the land investor themself as a larger and more long-term commitment.
Land tends to be a riskier investment than developed property because it may not appreciate in value over time and might not bring you considerable income. Before investing in land, it’s important to consider the location of the property. Raw land in a growing area can be a great investment if you are able to resell it to interested developers. Land in an area where it is not in short supply, however, might end up costing you more than it’s worth.
Now that you know a few of the main investment property types, how can you get started buying one? There are a few things you need to consider when financing your first piece of investment real estate, so let’s go over those now.
One of the first steps to investing in property is securing financing to purchase it. Depending on the type of property you choose to invest in, the way you go about doing this might look a little different. (more…)