Investments come in many different shapes and sizes. An investor may find interest in commercial properties, multifamily properties, and single family homes. Each of these types of properties also offers a variety of options. Some investors are simply looking to make a purchase and renovate the property to resell it for a profit. Others are looking to acquire properties to rent or lease to tenants.
Commercial investments are buildings that appeal to businesses for rent or purchase. These can be a strip mall or a free-standing building that could occupy one or more businesses. An example is a building that would later be occupied by a hair salon, insurance company, pharmacy, vet clinic, medical center, or anything you could imagine. Uses are often determined by zoning and locations appealing to the business needs. Other commercial buildings are larger multifamily buildings such as large apartment complexes. It is important for investors to clearly assess the expenses they would expect to maintain the property. Then compare that to the income they could realistically be expecting. Only the investor can decide if the anticipated cash flow is enough to make it profitable.
Residential homes, duplexes, and smaller apartments can fall under another classification. Again, it is important for the investor to evaluate the overhead and income they may expect to generate.
Both categories can offer opportunity to purchase and improve the property in order to resell to a new end user. This is loosely termed as flipping a property. There can be guidelines as to how long it must be held before it is resold.
These opportunities can be found in the marketplace with properties listed on the MLS for sale. Bank-owned Properties, Foreclosures, Distressed Homes, and Estates Sales are also possible matches for investors.
Often times, our team is aware of properties that are not yet on the market. Having a Realtor that has great connections and is in tune with what an investor is looking for is ideal.