How Real Estate Investing Can Build Your Wealth
The idea of earning good money by starting something on your own is attractive for everyone, so if you have got some money in your hand and are looking for a way to grow it drastically by playing it smart, real estate investing is the right answer for you.
There are 3 main ways you can earn money in Real Estate:
- One of the most common ways of real estate investment is renting the property you own - No matter if you are investing in single or multi-family you are always getting stable cash flow. Single-family homes are commonly rented for two or more years, which naturally means a monthly income for years. In the case of Multi-family, things are even easier. You have got multiple rooms available for rent, meaning that even if a couple of them are vacant, you still got plenty of other rooms busy.
- By actually selling your property, after it's value rises over time enough for you to gain profit from it. Basically buying houses for cheap and selling them later at a better price. This could be done by remodeling the cheap house you bought and making it better or waiting for the right "wrong" time to buy it. To make it easier for you to understand, you are waiting for the time when specific places could be found cheaper on the market but can be sold a lot more expensive at different times of the year.
- Investing in REITs. (Real Estate Investment Trust) - buying shares in REIT mutual fund or REIT exchange-traded fund. But they do have disadvantages compared to directly owning real estate.
At the end of the day, owning a property is a safer choice, no matter if you are planning to rent or sell it in the future. It is tangible and YOU decide how, when and what to do with it.
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