While nothing is guaranteed, here is some information you should know about the different types of foreclosure properties you might purchase.
• Single-family residential rental property. Single-family residential homes are easier to sell to another investor, especially if you have a good tenant in place with a lot of time left on the lease.
• Owner-occupier residential. It is also possible to sell a single family home to a person who wants to buy it in order to live in it. You can probably sell the house for a higher price this way.
• Multi-family residential rental property. These types of property are good investment properties because they are easier to manage since they are all in one place, and you can also usually receive a higher rate of return on your investment, especially if you manage them yourself.
• Commercial property. If you purchase a commercial property to rent out, you will find that the turnover rates tend to be much lower than for residential rental property. Also, you can usually make the commercial tenant pay all of the ownership expenses, like taxes, insurance, and maintenance, if you have a triple net lease with the tenant.