All you need to know, in an easy list.
There are 4 main categories of real estate that people invest in:
- Residential real estate, such as single-family rentals (SFRs), condominiums and townhomes, and small multifamily buildings with 4 units or less.
- Commercial real estate like retail shopping centers, office buildings, large apartment buildings, or mixed-use properties with both residential and commercial space.
- Industrial property, including cold storage facilities, warehouses, distribution centers, and research and development (R&D) properties.
- Land for future development or use, such as agricultural land used to grow crops or raise livestock, subdivided land in a subdivision, and individual lots to build a home or building on.
Ways to invest in real estate include: purchasing shares of a REIT, owning a home as a primary residence, purchasing a single-family rental property and multi unit residential or commercial properties.
Three reasons for investing in real estate are generating rental income, profiting from potential appreciation in property value, and tax benefits.
Real estate investors conservatively use leverage as a tool to help increase potential returns on investment.
REAL ESTATE TRIVIA
How about some fun United States real estate trivia questions and answers you can use on your next game night?
Questions
1. Who is the world's largest landowner?
2. What is the name of Elvis Presley's home?
3. Which famous skilled mason laid the cornerstone of the Capitol Building in Washington D.C. in 1793?
4. During what great land boom (1919) did investors pay up to $25,000 for lots that had not yet been dredged out of the ocean?
5. What famous person said this? "Real estate is the best investment in the world because it is the only thing they are not making anymore!"
Answers
1. The U.S. Government with over 700 million acres!
2. Graceland.
3. George Washington, the first President of the United States
4. The Florida Land Boom. Carl Fisher founded Miami that year and brought hundreds of investors to the state.
5. Will Rogers, who began his career as a rope-throwing cowboy and later became a famous stage and film star.
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