7 Fail Safe Property Investments for the Beginner

While the title of this article may seem an exaggeration to some, the truth is that there are certain areas of property investment that can be almost fail-safe. That being said, we will cover below seven such areas that if managed properly, can have lucrative results for those beginning to create wealth in property investments.

1- Investing In Real Estate Courses

While there have always existed countless of real estate investment courses and seminars on getting beginners/novices started in this path, the truth is that many, if not most, of the seminars have run their course.

Nearly 93 percent of the course programs and seminars offered 20 years ago are no longer offered and are now defunct. However, many of those who took the courses, invested in properties themselves and have portfolios that keep growing by the minute.

2- Become A Real Estate Agent

What better way to secure a working knowledge of buying and selling properties than by engaging in hands-on experience as a real estate agent. Likewise, learning to be an appraiser for let’s say, the FHA or Fannie Mae sector, will give beginners an additional perspective on property values and the process of qualifying for each.

3- Buying a House, Duplex or Other Income Producing Property

Many a real estate or property owner started his entrepreneurial path by simply buying an old, single house. Seeing the potential to create further wealth, the buyers next progressed to a duplex or small apartment building.

Others simply converted their family garage or even home attic into a nook turned efficiency. Others, began their now lucrative careers by serving as a janitor in some apt. complex.

4- Invest in Snow Removal

With the coming of "old man winter," snow removal services are crucial to many residential and/or commercial property owners. Recent winters have been more severe with averages of more than 87 inches of snowfall in some areas. Therefore you will want to invest in equipment for snow removal or hire out to a professional company. (Source: Pro Lawns Incorporated, who specialize in snow plowing in St. Louis, Missouri).

5- Take Inventory Of Your Skills

Putting your skills to good use as a provider of other property maintenance services many times opens the way for doors of investment opportunities.

After Hurricane Andrew in 1992, thousands of South Florida businesses sprang up from owners putting their hands to their own buzz saws, pick-up trucks, portable water purification plants, boarding up services and renting out their gas-powered generators.

6- REITS

Real estate investment trusts (REITS) are securities similar to stocks that typically invest in real estate through properties or mortgages. Offering high yields and highly liquid accessibility, this is one area to consider if you prefer not getting into the elbow grease and interaction that is needed in property management.

7- Flipping Houses

Almost similar to making medium to long-range investment plans to buy properties, these "flippers" simply recondition older, foreclosed and/or damaged homes, and sell them for a quick turnover.

Managed wisely, any one of the above methods can help position a beginner or novice into starting a profitable, fail-safe venture in property investments. Choose wisely.