August 6, 2018
The real estate market is booming on the heels of home sales enjoying a 5 year high, a growing American population, and almost record low unemployment rates.
That means, there is no time like the present to start investing in real estate.
Whether you’re somebody looking to make a full-time living off of their real estate investments or somebody just looking to subsidize their income, today’s market has opportunities for you if you know where to look.
To help you get started on your invest in real estate journey, our team has compiled this list of 3 easy ways you can get started now!
1. Rental Properties
Rental properties are one of the best entry-level ways to start investing in real estate. As a matter of fact, given that there are more renters in the United States now than during any other year in the last 5 decades, getting into rental properties can be extremely lucrative.
To get started, work with a professional to find properties that represent a good rental opportunity. You will then want to buy the property, bring it up to a livable condition (if applicable) and start renting it out for at least the amount it costs you to cover your mortgage, up-keep, and tax obligations.
Once you’ve paid off your mortgage, the majority of your rent will go straight into profit.
2. Get Involved with a Real Estate Investment Group
If you want to invest in real estate but don’t want to deal with the purchasing or renting of your property directly, a real estate investment group could be a great idea.
Real estate investment groups pool the resources of multiple investors to buy high-value properties. Based on how much you put into the pool, you’ll get a proportionate amount of the profits less and expenses the people actually managing the units charge.
Being part of a real estate investment group is a great way to passively diversity your portfolio and ride the real estate wave.
3. Property Flipping
One of the biggest invest in real estate trends in today’s market is property flipping. With property flipping, you’ll scout out typically fixer-upper homes. Once you’ve acquired the property at a low price, you can then get to work making any necessary fixes and bring the house back to market at a considerable markup.
Some well-networked property flippers make millions of dollars a year buying houses for cheap, making nominal corrections to them and then selling them at a big profit!
Wrapping Up Simple Ways You Can Invest in Real Estate Now
If you want your finances to grow with the market, time is of the essence.
To get started, you can invest in real estate by purchasing and renting out housing, finding a quality real estate investment group or by flipping properties.
Remember, no investment is fool-proof and real estate is no exception. To make sure you’re making the right moves and keeping your money safe, you’ll want to consult with real estate professionals.
At Royal Hills Property Solutions, our team of real estate professionals helps property buyers and sellers alike with a wide variety or their real estate related needs.
Contact us today!