You’re probably familiar with the common real estate investing strategies: traditional rentals, vacation rentals, flipping houses, just to name a few.
But real estate investing is actually a vast field. You’d be surprised with what kind of opportunities you can opt for. Interested in doing something a little different? Here are some of the most bizarre real estate investing properties and opportunities out there.
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Decommissioned Missile Silos
Lets start this out with a really bizarre real estate investing property. Thanks to missilebases.com, we learned that we can live in a decommissioned missile silo! Apparently, there are tons of these ranging from $200,000 to $2 million roaming the United States underground, waiting to be acquired…. Well, other than having you new home set as a detonation area, this might be just what your need to change your real estate investing direction…
Sometimes air rights can be more valuable than the building underneath. This is a amazing real estate investing opportunity, especially if you to build erect, tall buildings. As you may know, Donald Trump made his fortune through real estate investing. He invested in air rights for multiple locations. That’s exactly what he did with Tiffany’s in New York before he built his towers. So, maybe you can dare to invest big like he did with this bizarre strategy.
Related Article: How Donald Trump’s Presidency Will Affect Real Estate Investing
This is odd, right? Real estate collector, Scott FladHammer has landed a deal with SyFy Network for his “haunted houses.” FladHammer flipped over 80 properties with documented paranormal activity. He created a TV show (currently in development) on how to deal, find, and negotiate with the haunted.
A Hotel Room…Just One
A little less bizarre than the above-mentioned story. You can invest in renting out just one room of a hotel! If you’re not ready to buy an entire building or property, you can purchase just one room of a hotel building. You’d be entitled to about 50 nights in the hotel plus the profit from renting out just that one room. Not too shabby for a small investment with a low commitment, huh?
Related: Real Estate Investing: Traditional vs. Airbnb Investments
What are some of the most beloved things for Americans? Movies and cars! This out-of-the-box real estate investing opportunity is great because it combines the two. In the 1980s, drive-in theaters almost completely died out. But thankfully, they’re making a loud comeback. In springs and summers, people love to go there and watch a run of old classics. What’s really nice about this fun business idea is that if ever needed, you can easily convert the site into another real estate investing idea.
Don’t want to buy a whole property? You can just buy parking spaces instead…well, it’s merely lines on asphalt after all. I’m not taking about parking lots, just parking spaces. While being a parking space landlord can come with a headache from insurance and association dues, it can be an easy, unconventional real estate investing idea for you to consider.
Old Amusement Parks
When you don’t wanna make a drive for Six Flags, it’s quite nice to have a fun amusement park in your community. Take a look at The Fort Smith Park at West End in the True Grit Country of Fort Smith, AK, as an example. They’re a great community amusement park. This real estate investing idea might take a while to get started, but ones it gets going, the community will love and you’ll be making a profit from entertaining all ages!
Am I leaving the best for last? Well, sex sells. Many real estate investors have profited from turning their properties into a strip club. With that being said, be aware of the regulations of where you can locate a strip club. For instance, it can’t be within 500 to 3,000 feet near churches or schools.
A Final Word…
Related Article: 8 Tips to Make Money in Real Estate Investing
Now that you know how far you can go outside the box with real estate investing, perhaps you’d like to think a little different in your next real estate investment. Start looking for your next investment property now with Mashvisor.