2. Residential Real Estate
When it comes to residential real estate, structures may be either for single-family or multiple families. These buildings are for living and other non-business purposes. Real estate agents can classify residences based on how they connect to neighboring homes and land.
Owners can occupy their residential real estate properties or rent them out to tenants. Additionally, an owner could have multiple buildings on a property. They can choose to live in one home and rent out the others for a profit. Real estate is an excellent investment for those looking to expand their income.