Do you want to get into real estate investing but have no idea where to start? Then this post is for you. Here are some of the best ways to make money in real estate, ranging from low maintenance to high.
✅ Buy REITs (real estate investment trusts)
REITs allow you to invest in real estate without the physical real estate. Often compared to mutual funds, they're companies that own commercial real estate such as office buildings, retail spaces, apartments and hotels.
✅ Use an online real estate investing platform
Real estate investment platforms connect real estate developers to investors who want to finance projects, either through debt or equity. Investors hope to receive monthly or quarterly distributions in exchange for taking on a significant amount of risk and paying a fee to the platform.
✅ Think about investing in rental properties
If you have your financial house in order, especially as interest rates climb, rental properties can be a good long-term investment.
✅ Consider flipping investment properties
This is HGTV come to life: You invest in an underpriced home in need of a little love, renovate it as inexpensively as possible and then resell it for a profit.
✅ Rent out a room
Finally, to dip the very edge of your toe in the real estate waters, you could rent part of your home. Such an arrangement can substantially decrease housing costs, potentially allowing people to stay in their homes as they continue to benefit from price appreciation on their property.
Are you interested in real estate investing? Let's chat!
Gary 'Mr Action' Fayerman
Your Trusted Partner in Real Estate. Contact me at 403-620-2800 for all your property needs.