Buy investment real estate

Cashflow properties are purchased because they generate monthly residual income.  While they do require your attention from time to time, at the right price, the rewards can far exceed the time you personally invest.  Also, a self-sustaining cashflow property can get you access to appreciation as it is easier to hold for a long period of time.  Cashflow properties tend to be duplexes, fourplexes, apartments and commercial buildings.

Rehab properties are beneficial because they offer large cash profits in a relatively short amount of time.  While they do take a significant amount of personal oversight during the rehabbing of the property, this time can be well compensated if the property has been purchased at an appropriate price.  While a rehab property can be any property that is in disrepair, most tend to be single family residential properties.  With the recent overbuilding in new homes, there are currently many homes that were not finished by builders that offer opportunities for rehabbers.

Land is yet another opportunity for real estate investors.  Land and lots afford real estate investors the opportunity to either build a property from scratch or prepare a plot of land so another builder can build a property.  There are large opportunities here for investors as knowledge on how to maneuver through these deals is more difficult to come by.