Investment Property: Rental Home Or Condo Or Vacant Lot?

Added February 20, 2009 by Ilyce R. Glink

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Summary: What kind of investment property should you buy - a single family home or condominium or vacant lot. Ilyce recommends buying a condo or home as investment property in order to get a better return on the investment. Ilyce says buying a vacant lot is generally a poor investment, even if you plan to build a house on the land.

Q: I would like to purchase real estate as an investment. I don't know if that should be a townhouse or condo or home to rent out or perhaps land where I would eventually build and resettle. Any suggestions on where to begin?

A: Vacant land generally makes a poor investment. You're better off buying a single family home you can fix up and rent, or a condominium.

Check out The millionaire real estate investor (I've got it on my website).

Jan. 1, 2004.

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