Many investors like to choose oceanfront properties or, if not near an ocean, another type of waterfront property. This type of investment can be built, restored, or rehabilitated for the same amount as a non-waterfront property; however, they often can be sold for much more money. This makes it a very lucrative investment.

Once you become more established as an investor, are an expert at knowing the ropes, and have a nice amount saved up to invest with, you may want to think about moving on to commercial property or multi-family properties. For most investors, this is where the most substantial profit lies unless they have a very large team and can afford to have several single-family residential property projects going at once. No matter what type of property you start with, developing large or multiple projects simultaneously should be your ultimate goal.