Property is an increasingly valuable asset no matter where you live, making real estate investment more popular than ever. While it can be a big commitment, investing in real estate is quite accessible and affordable depending on the level of involvement you are interested in. It doesn’t require being an expert in the stock market, but there are many real estate investment opportunities available.
Here are some of the simplest ways to invest in real estate today:
Buying and owning property is one of the best investments you can make. The more time and energy you spend in improving and upgrading that property over time, the more potential value you can add to it. In some highly desirable areas, even just simple upkeep of your property can be enough to keep its value climbing. If you own your home, investing can benefit you in the short term just as much as in the long term: by upgrading your living space, you’re improving your own quality of life and adding value. Renovation, replacement and updating of key features in the home are popular ways to invest.
Owning rental property will generate income and give you a great asset to maintain and develop. If you have great DIY skills and will manage tenants, rental investment can be incredibly lucrative and easy. One very common way to generate rental income is by purchasing a multi-unit property and living in one unit yourself. By renting out the others, you can easily cover your own bills and create extra pocket money for yourself. This also means you are close by if any issues arise — if you own the property, it’s your responsibility, even if somebody else is living in it. Therefore, a willingness to do maintenance work yourself is crucial, otherwise you might spend all of your would-be profits hiring outside help when something needs fixing or updating.
Flipping a house means purchasing a low-value property and improving it intending to sell at a profit. It’s a shorter-term strategy, which requires all the upgrades to be done quickly and within budget. When successful, flipping can be incredibly profitable. However, it requires significant knowledge of the real estate market and considerable capital to to cover any losses if you can’t sell the property quickly enough. Working with a real estate agent or anybody with industry savvy is key to making flipping homes a worthy investment.
For people who want to invest with no handiwork, investing through an online real estate investment platform might be a good fit. These online platforms connect investors to companies or specific projects so that individuals can pool their money to invest in larger commercial or residential deals all over the world. Compared to purchasing a property, it requires less startup capital, but you’ll only be buying a portion of the profits. This can be a risky but easy way to invest, especially since you can diversify your investments across multiple properties or projects no matter where they are.
Investing in real estate is unique because it provides many different ways to participate. However, as with any investment, make sure you carefully consider the risks involved in order to determine which type is right for you.
Maria Mercedes Gomez & Larissa Porta we were born in Nicaragua, but had the opportunity to come to the U.S. over 30 years ago. As immigrants in this country, we knew that we had to work very hard to receive and accomplish our goals in life. For everything, we are very thankful every day! Our experience does teach us and remind us that we have a responsibility to pay forward to our customer.
We believe that today's real estate market demands a team approach where our individual skills come together to offer our customers the benefit of twice the knowledge and experience, not to mention commitment to work diligently to assist you in meeting your real estate goals.
