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With the real estate market on the rise all across the country, you should definitely be considering real estate as a potential investment. While it can be expensive to make your initial leap into the world of investment properties, barring a market crash, real estate is one of the most secure and most profitable investment opportunities that you can add to your portfolio. Don’t fall into the trap that real estate investing is limited to house flipping, demo days, and ship-lap. Here is a quick look at some of the different areas that you can invest in if you’re considering real estate.

Residential

While this is the most common thing that comes to mind when many people think about real estate as an investment, there are a lot of different options that fall under the residential umbrella. While house-flipping (fixing up and then selling or renting a home) is an excellent place to start, the idea of purchasing a vacation home also falls under residential investment property. You may also want to consider purchasing a multi-family unit that will generate more income per month than a single-family house. These can include anything from a duplex to an apartment complex. Knowing what the market looks like in the town or city that you’re considering is key in any investment, but especially in residential investing. If the geographical location is predominantly filled with renters, you will need to plan on servicing renters. Know the market.

Commercial

While intricate, commercial real estate is proven to be one of the highest revenue options in real estate investing. Commercial investments include a wide variety of options such as office spaces, shopping centers, and even hospitality options. Commercial real estate is great not only for the investor who is looking to generate a higher amount of income from their investment but also for the investor who wants to make an economic impact on their community by attracting businesses.

Raw Land

Raw land as an investment is pretty much limited to an area that is experiencing quick growth in population. Depending on zoning regulations, you may be limited on using the land for residential or commercial usage, so be sure you contact local zoning boards.

Keep your options open, study the market, and make the investment that is best suited for sustained success.