There are FOUR (4) types of Real Estate (RE) that we have to understand clearly before working close with FinPro because we have categorized it internationally as follow:
1. Residential
So call RRE or (Residential Real Estate). Here are the sample of well-known residential projects
- Single-family houses
- Condominiums
- Cooperatives (Co-op)
- Townhomes
- Duplex
- Triplex
- Fourplex
- Mobile homes
2. Commercial:
Also recognize as CRE (Commercial Real Estate). Total investment of RRE / CRE is about 50%
- Office space including medical centers, suburban office parks, and urban office towers
- Mobile home parks
- Leisure and hospitality property
- Retail space including fast food outlets, neighborhood strip malls, and regional power centers
- Self-storage and mini-storage facilities
- Movie theaters
- Apartment buildings and smaller multifamily property with five or more units
- Parking lots and garages
- Grocery stores and gas stations
- Leisure and hospitality property
3. INDUSTRIAL
For business purposes like commercial real estate
- Manufacturing
- Production facilities and food processing centers
- Freezer and refrigerated storage facilities
- Storage warehouses and distribution centers
- Research and development parks
- Power plants and solar generating stations
- Data server centers for companies
4. LAND
A long-term strategy to invest in land future development, and for natural resources rights such as mineral, water, or air rights in urban areas.
- Undeveloped raw land
- Recreational parcels for camping, hunting, and fishing
- Farms and ranches
- Timberland
- Orchards
- Planned Urban Development (PUD) for residential or commercial development
- Lots in a subdivision
