There are five types of single-family houses you could make money in, starting with no cash. Now we'll study each type of property their advantages.
1. Townhouse Single-Family Home
Advantages:
These houses are newly built so they hardly need major repairs or maintenance.
It has higher rents than compared to single-family houses, as they need less tenant work.
Rise in value fast when kept in good condition by the owner and tenants.
2. Apartment in a Multi-Family Building
Advantages:
It could often be taken over for No cash and No closing cost when offered first time in the market.
They usually need less maintenance compared to detached single-family houses as they're better build and also have less exposure to the elements like snow, rain, hail, sun, hurricanes, or others.These houses are very simple to manage and very easy to rent it out because there's usually a larger need for apartments than for detached single-family homes.
It could be even put on the market and rented by a rental agent for a very less fee. This would give you more time to spend on other real estate deal.
3. Condo Single-Family Home Units
Advantages:
It is very simple and easy management could be done by you at a distance or even by others.
You need not worry about land and garden care, the condo association does it all as part of your monthly fee.
You could finance these units easily, frequently at zero cash, meaning you have a no-money-down deal!
These houses are easier to sell, in case you want to take a profit on your investment and re-invest on other.
You could often buy older units of property at low prices if there is new condo construction your property area.
4. Mobile Home in a Mobile Home Park
Advantages:
Sometimes you could buy these houses for almost nothing-just $50 or $60 in some cases our readers have told us about in the warmer areas of the United States.
These houses often have low-maintenance structures as they are made of enduring metals, which resist corrosion or decay over the years.
You can rent the house to a same family for years together, saving your time and money and also allowing you to spend more time on other money-making deals.
5. Single-Family Detached Vacation Home
Advantages:
You can get a very high rental income during the vacation season, normally more than a year-round rental pays you in a less attractive area.
May provide you with tax-deductible trips to pleasing vacation areas when you travel to check your property, check on tenants, or do other work related to your income-producing real estate.
You can have fun with this deal as your tenants are in a happy mood and they are on vacation!
