Residential Real Estate Investing – Why It Could Kickstart Your 7 or 8 FIGURE Empire

Investors new to the real estate investing game quickly realize that there are two types properties they can be investing in: residential and commercial.

• Commercial properties, as their name suggests, are properties that are sold or leased to businesses. These can include retail areas, warehouse spaces, industrial properties, restaurants, and much more.
   

• Residential properties are homes, duplexes, condos, townhouses, and rental properties rented or sold to individuals and families.

While investors can certainly invest in both types of properties, many beginning investors are wise to select one type of property to focus on, at least initially.

This is because a new real estate investor may spread himself or herself a bit too thin by trying to attract both businesses and tenants or families to both residential and commercial properties. Plus, residential real estate investing is very different from commercial real estate investing. Different skills, networking procedures, and even marketing are required for each.

It may be simpler to focus on one type of buyer or renter and one type of property, at least at first.

For a beginning real estate investor, residential real estate investing makes a great deal of sense. There are many advantages for the beginner investor, and even seasoned investor, interested in residential real estate investing. One major advantage is that there is already an extensive financing industry in place for residential properties. In fact, anyone -- including someone with bad credit -- can generally get funding in order to buy a residential property. There are even government programs and special programs in place to help those with little money buy their first home.

You can begin as an investor with no money down deals, and can easily find a first-time-homebuyers program or an inexpensive residential property in order to get started in residential real estate investing.

Residential real estate investing can also be very attractive because there's always an target market interested in this type of property. When the economy takes a downturn, businesses may tighten their belts first. However, families and individuals will still need places to live. They will still be renting, and even buying properties. The fact that there are government initiatives and many types of mortgage programs ensures that home buyers continue buying even when the economy is in a slump. This can make residential real estate investing slightly less risky for real estate investors.

There is simply always a market, something that cannot always be said for commercial property investing.

Another major advantage of residential real estate investing is that it takes far less money to get started. While commercial properties tend to be more expensive, residential homes can be purchased for very little. Distressed properties and foreclosed properties, in particular, can often be purchased for less than their actual market value. This makes getting started in residential real estate investing relatively simple. An investor can simply purchase a property that is being sold for less than its value. He or she can use traditional mortgages or business loans in order to make the purchase.

After some renovating or even just cleaning up, the investor can then resell the property for considerably more and therefore make a profit. It really is that simple.

There are many advantages to residential real estate investing. For those new to the real estate investing game or even for seasoned investors wishing to expand a portfolio with some more solid investments, residential properties are great investment opportunity.

To Massive Profits.

Brad Wozny

P.S. Think residential property investing may too difficult?

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