Like many people in the 21st century, you may be interested in starting a side hustle or finding ways to make money away from a stuffy cubicle. That’s where real estate investing comes in. Real estate investing is a way for everyday people to break away from the confinement of unfulfilling jobs and find financial freedom on their own terms. The best part: no experience or fancy resume needed!
Benefits of real estate investing
The bottom line is that real estate investing can make you money, whether as a supplementary income or a full-time gig. Here are just a few of the benefits.
- Real estate is a safe investment
- You can earn a passive income
- Great tax benefits
- You have options and flexibility
- Be your own boss!
How to make money with real estate investing
One of the best parts about real estate investing is having many options. Here are a few ways you can make money with real estate investing.
1. Buy a rental property
This may be the first thing that comes to mind when you think of real estate investing. Rental properties are an excellent introductory investment because they are easy to manage and have a high rate of return. People will always need a place to live, so demand will never be a question. As a rental property owner, you have the option to hire a management team to handle the day-to-day while you grow your wealth.
2. Buy a short-term rental
Short-term rentals have a higher return on investment than long-term rentals. Think Airbnb or VRBO! You can charge more per night for vacation goers and travelers that mean more cash flow for you. Since people will be coming and going, you’ll be more attuned to the property’s condition and more likely to make repairs as they come up. This helps to maintain the state of the property while the market value appreciates.
3. Flip & sell
Home flipping is not just for HGTV stars. If you’ve got handyman or design skills, you can make a significant profit buying a run-down home to flip and sell for more. This is different from rentals since it is not a passive way of making money, and it is more complex and involved. If you have a friend with complementary abilities to yours, you could team up and take on this challenge, and cost, together.
Intro to Real Estate
Interested, but don’t know where to begin? Start by investing in real estate education. A comprehensive understanding of your investment options and knowing how to do so effectively will set you up for success. We are a team of everyday people who have come to know firsthand the freedom and possibilities that come with real estate investing, and we want to share what we know.
Our courses are for those looking to leave their 9-5 in pursuit of something more fulfilling, no matter their prior experience or learning style. We use real-life investing scenarios to effectively equip our students with the tools they need to succeed. If you are ready to invest in your future, start by investing in your education. Click here to contact us today.