Top 5 Best Real Estate Investment Ideas Buying, renovating and selling a home is not the only way to invest in real estate. There are more ways, which we will discuss in this short post. One thing you can be sure of is that you will never regret going into real estate. For millennia, people have fought and killed each other over the property. Wealth has always been gauged by the amount of property that someone holds.
If you would like to venture into the market, here are a few real ways of investing in real estate:
Storage rental properties – a 30 billion dollar industry
Storage rental property is like an industry on its own, generating revenue of more than 30 billion dollars every year. There is no reason why you should not have a piece of this pie. Just do your market research properly and you will see that among all the investment options that we have, this one needs the least level of maintenance. Every day, people are looking for storage spaces. You will step in to give them this facility for a fee.
Every year, tens of thousands of Americans need storage space where they can store items that do not fit in their home. This need has brought about the shift from apartment kind of real estate investment to self-storage real estate. It is one of the best, inflation-proof real estate investment options in the market.
Single-family home rentals
With the cost of the condos and the town apartments constantly going up, the prospects for single-family home rentals are high. Because most people are opting to rent rather than buy, there is likely to be a shortage of single-family homes. Before a couple can save enough money to buy their own home, they will need a house to rent.
When you rent out such a home, you are assured of retaining that tenant for a long time. Most will stay for as long as it takes to save enough money to buy a home. When you rent out homes or apartments in the long-term, you can protect your investment from the effects of inflation. If you have a small family and want to live in a busy and popular city, the condo can be your best deal. If you are from Los Angeles, you can check out these LA condos for sale
. If you are particularly from Santa Monica region of Los Angeles
, you should also check out Santa Monica Condos for sale
College rental properties – In a college town
Living in a college town has its benefits and one of them is that you can make a good income from renting out property to students. One benefit is that they are not going to be there in the long-term and therefore they do not particularly care too much about the state of the property. Big colleges never have enough facilities to house all the students. Therefore, if you have a rental facility close to the campus, you will never lack tenants. Maintain the property nicely and give the students good value for their money.
Healthcare rentals - No vacancies
Similar to the self-storage rentals, healthcare rentals resist inflation. With official statistics showing that the number of the elderly is going to double in the near future, a healthcare facility for rental would be a good deal for a real estate investor. Another benefit with this kind of investment is that once you get a tenant, they always stay for the long haul, and a single lease can be for many years. That way, you do not have to worry about finding tenants. This investment experiences no vacancies.
Office rentals – Long-term tenants
Office tenants are not likely to move out soon leaving you with vacancies. Because of the high cost associated with moving the delicate or perhaps not so delicate office equipment, many office tenants are bound to take long leases. This makes the office rental facilities one of the least affected by the recession, thus making it a good investment choice for you. The most important consideration for this kind of real estate investment is the location. Because offices are only used for business, your block of offices should be located in the most convenient place, perhaps in an industrial neighborhood.