Is Buying Property a Good Way to Invest Your Money?
Disclaimer
Here on Selfmadesns.com I’m only giving you my life experiences. So, you may learn and benefit from my mistakes along the way. As well as learn from all of the good decisions I made. What may work for me in some different experiences is not always what you should be doing on your own. Always do your own research or speak with a professional on the subject. Better yet do both guys. It will be way more beneficial for you at the end of the day. If you want more information on our terms, please visit our terms and conditions page along with the privacy policy page as well.
My Experience
Is buying property a good way to invest your money? Well, let me give you guys a little bit of my experience buying properties as investment properties. At the end I will give you my opinion on the topic guys. So, in the beginning once I decided to buy a new home. The idea to rent out my condo instead of selling it came right after. With plans to use the money from that sell to pay for the new property. I had a change of heart after talking to some of my friends who had rental properties. I saw this as an opportunity to join the rental gang. Using the money from the rent I was collecting was really helpful with my new mortgage I had coming. Let’s talk about more of the pros that comes with investment properties.
The pros
Like I said before I was able to bring in some extra cash each month. We can all use that. The fact that investment properties tend to appreciate over time as well. That really helps out towards your future too. We also do a whole post on all the tax benefits that comes with investment properties, and we will. So, I won’t get into all of that right now guys.
Options
When you invest in rental properties it comes with a great deal of leverage. When you financed through mortgages it allows you to control a valuable asset. And let me tell you guys this it only takes a small initial investment at the start. It not as much as you would think to get started in investing in real estate. Let’s not leave out the fact that your investment will be building equity in itself for you over time. Over time the price will just go up for you. With some key factors going your way.
Something You Can Feel
With real estate you’re able to actually touch it guys. Unlike other investment you can actually control it a lot more. By way of making decisions on property how your property is managed. You can also make improvements to the property over time raising the value as well., You can also control the rental terms as well. Like everything the price should go up over time. Especially with all the Inflation right now.
Bonus – Real Estate Property Types
Today on the bonus menu we have types of real estate/ property types for you guys. I like this subject because I didn’t know myself how many different kinds of real estate there was. And you know anything I learn I like to share you all. We got a bunch to get into. I’ll name them and give a little description of each for you guys. Let’s just get right into this my friends.
Residential Single Family
First up I have for you guys my friends is residential single family. This is going to be something that you probably grow up in whether that’s a single-family home, condo, mobile home, or town home.
Multi Family
Now we have the multifamily homes. These will have 2-4 units in it. Really much like a single-family home but just connected to more homes.
Commercial Multi-Family Units
Next, we have Commercial multi-family units. These will be 5 or more units my friends. These are like apartments building that people live in or invest in my friends.
Office Buildings
Next, we have office buildings my friends. These will house single tenant or multiple tenants. They are used for things like dental office, medical office, specialists, etc my friends.
Retail Real Estate
Next, we have retail real estate my friends. These will be shopping centers, shopping malls, strip malls, any place for retailers to do business.
Hospitality
Now we have hospitality my friends. These are places like hotels, motels, extended stay centers, and more.
It’s getting good I know my friends and, we have more to go over as well. Let’s jump right back into this guys.
Industrial
Now we have industrial real estate my friends. Places that fall in this group is places like heavy industrial, oil refinery, steel mill, etc my friends. Even sometimes warehouses.
Recreational
We also have recreational properties my friends. These will be your stadiums, sport complexes, golf courses, country clubs, any place people go to enjoy recreational or sports.
Institutional/ Special Purpose
Up next are your institutional/ special purpose real estate. Places like government buildings, hospitals, senior citizens homes, universities, etc.
Mixed Use
Last up are the mixed-use properties. Just any combination of any of the types of properties we listed my friends. I believe the most common example of this will be the retail and commercial multifamily units. You might have some stores/ restaurants on the ground level and apartments on the rest of the floors.
There you have it my friends every kind of real estate/ real estate properties I could think of. I might have missed some if so, leave it in the comments. Or if you are wondering what kind of property group something falls in just ask in the comments, I’m sure someone will help you out. As always do your own research my friends before you go off and do anything. Make sure you guys are doing that for real. Other than that, good luck out there.
Summary
To summarize this post up and give you all my thoughts on the matter at hand. I think that is an amazing investment especially as a long-term investment. The cash flow that can come with owning the right piece of real estate is great. And it’s something you can pass down to your kids as well. giving them a nice head start in life. Hopefully You guys enjoyed the bonus part of this post as well. So, guys thanks for the visit and please come again. Let me know if this post was helpful at all in anyway. Good luck out there!