Transform Your Future With Smart Residential Investment Properties
Types of Residential Investment Properties
When considering residential investment properties, it's essential to understand the different types available:
- Single-Family Homes: These are standalone properties designed for one family. They are often the entry point for new investors due to their relatively lower cost and ease of management.
- Multi-Family Units: These properties include duplexes, triplexes, and apartment buildings. They offer the advantage of multiple rental incomes from a single investment, which can mitigate the risk of vacancy.
- Condos and Townhomes: These properties are part of larger developments and often come with amenities such as pools and gyms, which can attract tenants willing to pay a premium rent.