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Real estate can offer lucrative and rewarding opportunities for investment. Real estate tends to be a uniquely stable investment, with substantial and diverse potential for growth.

As a novice investor, you may be excited about the prospect of investing in real estate, but unsure about where to begin. While there is no one single path to success as a real estate investor, the following primer suggests some helpful tips for embarking on your investment journey.

1. Commercial Real Estate Investment

Many first-time real estate investors tend to eschew commercial real estate. After all, it tends to be more expensive and may require more maintenance. It may be harder to get a necessary loan, or you may simply feel less confident in managing commercial spaces.

In some cases, this is sensible. Sometimes, however, commercial property can be a good choice for a new investor. For instance, say you own a small business and are considering purchasing the building it is housed in. This type of investment can give you notably more control over your business, while also granting you access to new and diverse revenue streams.

2. Residential Real Estate Investment

Residential real estate tends to be the first choice for many first-time real estate investors. The prospect of owning a home may seem more familiar or relatable to many. Investors who have experience in carpentry or other contracting work may feel well-equipped to fix up and potentially flip a residential property.

In short, residential properties, and especially single-family homes, can often make a reliable choice for new investors. They can be lived in or rented, and with some effort and the right location can often be resold for a substantial profit.

3. Undeveloped Land Investment

Many first-time investors do not consider investing in raw land. After all, it may seem foreign, or confusing. But it is often worth some consideration. The right piece of undeveloped property can have substantial potential for development and may convey other benefits, including timber and mineral rights.

It is important, of course, to do all necessary research about permitting and other regulations for raw land, to ensure that your investment is valuable in the long term.

Ultimately, real estate investing can be both fun and profitable. Best of all, there are many opportunities to make steady money and gain deeper experience in the field. The tips above can be helpful as you work to get yourself started in the real estate business.