When you’re investing in real estate, you’ll have to decide whether you want to make a residential investment or a commercial investment. (You may also want to make industrial, retail, or mixed-use investments, but those are a little more nuanced than residential and commercial are.)
Residential Real Estate Investments
Properties like houses, apartment buildings, and condos that have room for tenants can be residential real estate investments. The key is that you get a tenant who pays you rent, and that rent is enough to let you collect a profit.
If your mortgage on a property is $1,000 per month, and operating expenses (like a property manager or HOA dues) are $200 per month, you need your tenant to pay you more than $1,200 per month in rent so you can make a profit.
Commercial Real Estate Investments
Commercial real estate investments are a lot like residential real estate investments. You’ll still need to get tenants who pay you rent, but in this case, they’ll be leasing office space or storefronts.
Do You Need to Talk to a Lake City Realtor® About Residential or Commercial Real Estate Investments?
If you’re thinking about embarking on a career as a real estate investor, talk to an experienced Lake City Realtor now by calling 386-243-0124 or by sending us a message. We may be able to help you find the perfect property in Lake City or the surrounding communities.
In the meantime, check out our:
- Waterfront residential
- Waterfront land
- Bank-owned and foreclosures
- Short sales
- Paved road frontage
- Non-deed-restricted land
- Wooded oak tree land
- Land for land home combo