Like any other investments, investing in real estate has its upsides and downsides, and since there are different types of real estate to invest in, finding the right real estate will help you find the upsides. Some of the types of real estate you can invest in are land, waterfront property, rentals, and commercial real estate.

Land: Land is one way you can invest in real estate. There are many types of land to purchase. Before you buy it, make sure that you get it surveyed, by more than one surveyor if necessary. After you find out how much the land is worth, you will need to find out how much it will cost to develop the land.

Land may be zoned as commercial, industrial, or residential (among others). If you want to build a subdivision, make sure you are purchasing land that is zoned residential. Zoning can change over time, which creates a risk when one purchases land and lets it sit undeveloped for long.

You should also consider subdividing the land, and how much it would be worth sold in pieces.

Waterfront Property: There are many who would like to spend a week or two at a beach. Investing in waterfront property, and renting it our year round is a good way to make some money. You can also pencil yourself in for a stay during the off-season.

Rentals: Duplexes and apartments should also be considered when investing in real estate. One problem with multi-unit housing is keeping the rentals filled. Another problem is the potential of having the rentals full with less than desirable renters, who may or may not pay their rent on time.

As with all other forms of real estate, figure out how much the real estate is worth