In July of 2021, nearly 6 million units sold, according to the National Realtors Association. If you want to invest in real estate, there’s never been a better time. It’s a great side hustle that can earn you income for retirement or become a full-time career.
Before you make a move to invest in real estate, you’ll want to make sure you know the investigating basics to make a smart investment.
Here’s a real estate investment guide for the beginner.
A Real Estate Investment Guide Begins With Wholesaling
Wholesaling is the process of purchasing a property under market value and then getting a buyer to ‘buy’ the contract. You can invest a small amount of money and reap big profits in return. It’s like flipping a home without doing any renovations.
For example, a wholesaler talks with an interested seller who thinks they can’t do much for their property because it’s in bad shape. The wholesaler works on a price with the seller and then finds a few investors who will buy it at a higher price.
Real Estate Investment Trusts
Real Estate Investment Trusts, or REITs, make investments in real estate that’s already producing income. You buy shares in the acquisition, which you then add to your financial portfolio. This is a great way to invest in real estate for beginners.
One big plus of REITs is that they allow you to invest in properties you typically could not afford if purchasing alone. By investing with other investors, you get a piece of the pie of valuable and income-producing property.
Using a company such as plurisre.com can help you start on the right foot when making a smart investment in investing basics. We are the best place to start when investing for beginners, especially with REITs.
Prehabbing
Flipping an entire home can be an expensive venture. You’ll have to come up with the money for a new kitchen, bathrooms, roof, floors, walls, and even landscaping. The costs are endless.
If you only have a few bucks to spend in the remodeling process, prehabbing could be a great option and smart investing. This allows you to fix some of the major problems before another investor steps in to purchase the property.
Perhaps you’ll need to replace a few appliances or paint the interior. Maybe the whole property needs some curb appeal with fixing the exterior siding, adding bushes, and creating a new sidewalk. Your job is to see the potential in selling the property to a new buyer!
Doing these renovations can make you a quick profit when you invest in real estate.
A Real Estate Investment Guide for Beginner’s
A real estate investment guide should begin with wholesaling, real estate investment trusts, and prehabbing. All of these can be a great way to make a smart investment.
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