Top 5 Ways to Start a Real Estate Investing Business
- Industrial / Logistics
Are you hesitant to invest in real estate?
The good news is investing in real estate is as lucrative as ever. For example, Grant Cardone owns over 2 billion worth of real estate properties and manages around 7,068 units. He is among those who've reached financial freedom thanks to real estate investments.
If he was able to make it, then you too can succeed in real estate investing. Keep reading to find out five ways on how to get into real estate today.
- Start by Renting Out Vacant Rooms
Skin dip into real estate investing by renting out spare rooms in your apartment or house. This is a great way to get hands-on experience on how the real estate business runs. Rent out a room weekly or nightly as a side-hustle and hone your skill in real estate management.
Become familiar with ways to secure the integrity of your rental rooms and how to deal with changing tenants. Such knowledge will help you plan your strategy and rules.
List your vacant room on third-party websites. You can also use your social media or friends to refer you.
- Upgrade by Investing in Rental Properties
After gathering enough experience, invest in rental properties. With enough capital, you can start erecting your rental properties. If you have an extra residential house, rent it out.
The best way to invest in real estate is with rental properties. It promises a regular income, maximizing capital through leverage. Also, there is much deductible tax associated with it.
- Dive into Real Estate Investment Groups
If you find managing rental properties tiresome, consider Real estate investment groups (REIGs). REIGs allow you to invest and own physical rental properties without the stress of property management.
It means you can own many rental property units and earn a profit while sitting at home. The group will handle all management tasks in exchange for a commission of the collected rent.
What’s great about REIGs is their investment protection system. REIGs “pool” a percentage of the rent, so investors still receive income even when they own an empty property.
- Go for Real Estate Investment Trusts (REITs)
If you have prior knowledge of investing in stocks, try Real Estate Investment Trusts. As one of the investors, you’ll put money into the trust. They will use the funds to buy real state stocks.
It's a liquid investment, making it easy to buy and sell. Corporations give at least 90% of the income to investors. Thus, it’s a promising real estate investment method.
- Consider House Flipping
House flipping refers to the process of buying underpriced houses and renovating them. As an investor, you'll earn money when you sell the property at a profitable rate. This type of real estate investment takes time because you must refurbish old and cranky-looking houses.
Start Your Career in Real Estate Investing Today!
These are only five of the various ways to help you thrive in real estate investing. Use them to learn how to invest in real estate. It ensures your investment is profitable and less risky.
Did you find this guide helpful? Read our other posts to learn more.
- Real Estate Investment