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Michelle Thornhill is the Senior Vice President and African American Segment Manager at Wells Fargo/Wachovia. Michelle has over 15 years of experience developing consumer initiatives for diverse audiences in the financial services and non-profit sector. Michelle earned a Bachelor of Science from Virgina Polytechnic Institute and State University, a Master of Science in Administration from Central Michigan University and a Master of Public Administration from Harvard University, the John F. Kennedy School of Government. Michelle resides in Charlotte, N.C. with her husband and two sons.

This financial tip is sponsored by Wells Fargo. Here’s Michelle Thornhill:

Along with stocks and bonds, real estate is one of the most common forms of investments. There are various types of investment real estate. They include residential, commercial, industrial, retail and mixed-use. Profits are generated in numerous ways. One is when the real estate appreciates. That means the value of the property has increased. You receive cash flow income when you collect money in the form of rent. You receive commission income from buying or selling property and ancillary income is earned when additional ways to make a profit are developed within the property. Providing coin laundry services inside an apartment building is an example of this kind of profit. If you’re interested in real estate investing, there are many lending options available to consider.

For more information on how Wells Fargo is helping customers who are facing financial challenges, visit www.wellsfargo.com/homeassist.

 

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