So many people believe that it is incredibly difficult to become a legitimate real estate investor but it is actually an extremely feasible task if you choose the right things to focus on when you first get started. You won’t be a tycoon overnight and, yes, there is some risk but there is never reward without risk and there is certainly reward even in the minor real estate investments. Than Merrill, the CEO of San Diego’s FortuneBuilders and CT Homes, has said “real estate is one of the few investments where your upside is truly unlimited. With the right property in the right location, you can make 15% to even 30% on your money.” Realtor.com laid out three great ways to get started in the world of real estate investing for the average person. I will pass onto you the ways they suggest getting going in widening your financial portfolio through real estate.
First Savvy Investment: Renting
Without a doubt, people will always need to rent houses, apartments, or condos so becoming a landlord can provide quite a bit of return and create a steady income very month. It always pays for itself over time and can lead to profits that can be used to pay for your children’s college tuition.
Second Savvy Investment: House Flipping
This particular real estate investment can prove to be extremely lucrative; however, it requires quite a lot of work. You need to be very specific when picking a market and a house. Then it’s required that you pay acute attention to detail in what needs to be redone before flipping it and you usually need a good amount of experience in the industry.
Third Savvy Investment: Real Estate Investment Trust
This is possibly the easiest way to get involved in real estate investment since you can increase the amount of real estate in your portfolio without actually needing to buy any property. With this option, you are purchasing stock in large scale properties and, therefore, automatically diversifying your investments. This is called an armchair investment since you don’t have to do very much like the previous two.
Check out the original link below: