Pick the Type of Real Estate You Want to Own

As a real estate investor, you must know what kind of real estate you want to own. "Why?" you ask. Because for each type of real estate:

* There are specialized and unique lenders.
* Who know and specialize in one type of real estate.
* Making loans on that kind of real estate almost daily. 
* Giving advice and help to borrowers who come to them.
* Understanding the ins and outs of that type of real estate.
* Being more willing to make loans on "their" type of property.

So if you know what type of real estate you want to own to build your fortune, you can approach a lender who specializes in that type of real estate. There are four basic types of real estate you can own for income purposes:

1. Land for development or leasing to others.
2. Residential properties—single- or multi-family.
3. Commercial properties—stores (strip malls and shopping malls), offices, recreational facilities.
4. Industrial properties—factories, storage buildings, and yards.

Most investors already know what type of real estate they want to own. I'm sure that right now you have a good idea of what type of real estate you'd like to own. So get you your own lenders!

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