There are many types of real estate options dealing with residential use available. This flexibility appeals to the individual needs and interests of the investor, and ensures a comfortable investment fit. For example, single-family houses, condominiums and town homes, recreational property, 2 to 8-plexes, and small apartment buildings, either purchased individually or with groups, and self-managed or utilizing professional property management companies.
10. Skills Can Be Learned
Compared to other investments, buying and managing residential real estate can be a relatively easy process. You don’t need a lot of experience. The essential foundation knowledge and skills can be learned. It just takes motivation, drive, positive attitude, time, and a desire to learn the key principles, strategies and techniques. It is necessary to understand and avoid the classic pitfalls, and rely on skilled objective professionals for advice and feedback in advance of any commitment.
Example: The ability of an average investor to acquire the skills to successfully and profitably invest in real estate with minimal risk, starting with a principle residence, is an attractive option to many. Many investors wish to diversify their investment portfolios by including investment real estate. In addition, it can provide an interesting and challenging experience dealing with tangible property, rather than otherwise intangible forms of investment. Another benefit is that there can be a direct correlation between the quality of decision-making by the investor, and the successful net financial outcome. This degree of personal influence and control is attractive to many.
