There are many reasons to invest in real estate in Atlanta, GA. For one, ATL is one of the fastest growing metropolitan cities in the United States. By 2016, according to US Census Bureau stats, the city had almost 5.8 million residents, with many of them being renters and future homeowners. This makes Atlanta a lucrative market for buying investment property.
Another good reason to invest in Atlanta real estate is its continuous growth over the past few years. And, this trend continues to gain momentum with the city welcoming nearly 100,000 new residents annually. This leaves real estate developers swamped with contracts and smart investors constantly seeking out new long-term investment properties, real estate to flip and rental income properties to meet growing market needs.
6 Types of Real Estate to Buy as Investment Properties
Whether you’re interested in flipping real estate in Atlanta, buying property for long-term appreciation or investing in rental income property, you stand a good chance of creating a lucrative return for yourself. Here are six different types of real estate that make profitable investment properties for investors:
- Buying Residential Investment Property – This is real estate such as single-family homes, duplexes, triplexes, fourplexes, townhouses, vacation homes, condos and apartment buildings. You purchase the property, rent it out to tenants who live in it, and collect monthly rental payments.
- Commercial Property Investments – Generally real estate such as skyscrapers and office buildings with individual offices. You rent these office spaces to commercial tenants at fair market lease rates.
- Industrial Real Estate Investments – These properties are anything from distribution centers to industrial warehouses. You can rent them out to commercial tenants as car washes, storage units and other real estate used for special purposes.
- Retail Investment Real Estate – This is property rented to tenants who will use it as retail space. Some types of spaces include strip malls, retail storefronts and shopping malls, where tenants pay rental fees for their own spaces within the facility.
- Mixed-Use Property Investments – These types of real estate are combinations of any or all of the categories described above on one single piece of property. One popular idea is to have retail spaces on the ground floor, office spaces on middle floors and residential rentals on upper floors, including penthouse suites.
- Real Estate Investment Trusts – Also known as REITs, this is a savvy investment technique that allows you to buy shares of a corporation that actually owns the real estate. This method involves complex taxes but is well worth the investment and ROI if you are a savvy investor.