Another string to the bow of a successful real estate property investor is land. As an asset land investment can be very lucrative if you can find and develop the right plot. This must always be seen as a long term strategy, even more than residential property investment, as it often requires you to buy the land and then wait for planning permission to be granted so that the value increase substantially at that point. You can then decide to develop the land yourself, partner with a builder or sell on and take your profits.

Once your name has been taken at one or more property events then you will start to get e-mails and/or calls from a number of companies of various land property investment inc type names offering you deals. These plots of land are usually located in the green belt and outside of current planning boundaries, but the salesperson will always regale you with the fact that their team is now working on getting the permission changed for building houses. In the majority of cases, despite what has been seen by scaremongers in the popular newspapers, most of this land will not change permissions in the short or even medium term so you will be investing your money for the long term.

What you are looking for specifically are houses at the end of a street, but that have a sizable side plot onto which a 2/3 bedroom house could be built. This strategy is usually only applicable to terraced properties as adding a new end-terrace property will not affect the look or style of the street. You would need to build the new property in the style of the existing houses in the terrace and follow the design guidelines as laid down when originally built, but most local authorities are sympathetic if approached correctly. You can also look for houses with large and long gardens and see if a new detached house could be built in the space. Again here, if you can meet all the planning regulations, local authorities are sympathetic.

The real estate bubble may have burst, but the fact remains that real estate is still an attractive investment. You just have to be able to look at the advantages that are presented in the down economy. Some say that the real estate market is in a depression. Others call it a recession. Others are in complete denial. The third parties are usually those in politics or real estate agents. Anyone who is trying to sell a home knows it is bad out there. But the good news is that as bad as it is for sellers, it is a great market for buyers.

Anyone who has money to invest should invest part of it in real estate. There are three different reasons for this: The interest rates are rock bottom and not likely to get any lower, the housing prices are lower than ever and the market will eventually rebound. You can still make money today in real estate; you just have to look at the property as a long term investment instead of the quick buck.