There exist several types of real estate, and different ways to invest in them. Which way is best is for you to determine, depending on your certain demands. Here are some things you can think about, with their pros and disadvantages.

1. Rental properties. Pros: One of the easier means to get started, and sound long term ROI. Downsides: Being a proprietor isn’t lots of fun, and you will need to wait a long time for the big pay-off.

2. Rent-to-own houses.Pros: When you purchase a home, then sell on a rent-to-own arrangement, you get more rent, and the buyer is usually responsible for maintenance. Disadvantages: The bookkeeping is hard, and majority tenants do not complete the purchase (this could be an advantage too, but it does mean more work for you).

3. Low income leases. Pros: Like any rentals, although with higher cash flow. Cons: The same as with any leases, but with more repairs and renter troubles.

4. Fixer-uppers. Pros: A fast return on investment, and it can be more creative work. Disadvantages: Higher risk (numerous unpredictables) and you get taxed heavily on the gain.

5. Buy for cash, sell for terms. Pros: You receive a high rate of return by paying cash in order to receive a good price, and selling on easy terms to get more money AND more interest. Downsides: You tie up your capital for a long time.

6. Buy landed estate, split it and sell it. Advantages: It is more effortless than most realty investments, with the possibility of great profits. Downsides: It could take a long time period, and you have expenses, but no cash flow as you’re waiting.

7. Boarding houses. Upsides: You could get more income renting a home by the room, particularly in a college town. Cons: You could get a lot more headaches renting a home by the room, particularly in a college place.

8. Commercial real property. Pros: Long term triple-net leases mean very little management and high returns. Downsides: Challenging market to break into, and you can lose income on empty storefronts for a year at one time.

9. Purchase, live in it, and sell. Advantages: The new tax law means you can fix it up, and sell for a big tax-free profits after two years, then start the process over again. Disadvantages: You will have to move a lot.

10. Speculation. Upsides: Purchasing in the path of growth and holding until values increase can yield great profits, especially if you buy low to begin with. Disadvantages: Prices are not that predictable, you have expenses without income while you’re waiting, and transaction fees could eat much of the profit.