Many people think of property investment as buying a house and renting it or flipping it, but there are a number of different property investments and a number of different ways you can be involved in property investments. Here are a few of them.
One of the most common ways that people get involved in property investment is through being a landlord. Some people wind up doing this because they either don't want to or can't sell their primary residence when they have to move. Other people specifically buy a property or properties with the intent of renting them out. For those who buy in to property rentals, they can start with a house, duplex or apartment building. It largely depends on their financial ability and level of commitment. If you are going to be an absentee landlord or are buying an apartment complex with several units, it can make a lot of sense to hire a property management company to oversee the rentals. You have to give up a portion of the rent, but it makes things a lot easier.
Another way to get into property investment is to buy properties to fix them up and sell. This is what's commonly referred to as flipping. Flipping can be very lucrative but it also is very risky, as you could be hit with hidden problems in the home you buy and you also could have trouble selling. Be prepared to rent out the home as a backup plan if you can't sell.
Another way to invest in property is to do so in a group setting. This can be investing with friends and family, joining a real estate partnership or investing in a real estate fund. This lowers your potential risk but also lessens your profit potential.
Read more information at Property investment UK.