One way or another, most of us might have had to live under rules and regulations set by the landlord. Tasks and responsibilities as a landlord are never easy; worrying about pests, water pipes and whatnot.
However, there is an upside as well: Real Estate and property investments might not be as flashy but are lucrative means of setting up an additional income stream, i.e., if it is done right.
The problem is that certain investors and people with cash do not have sufficient knowledge for real estate investments and information regarding mortgages, Buy to let investment properties etc. Here are some ways you can get yourself started:
Look up REIT Brokerage firms
As in the case of stocks, currencies and commodities, there are companies that allow you to invest in real estate without having to own any physical building, apartment, or so. These real estate funds have a knack for paying high dividends as well.
Online Platforms for Real Estate
A very simple rule followed by money makers is that you need money to make money. There are online platforms that connect people who are in need of money to renovate their house/apartment or building to investors who finance them through means of debt or equity.
Investment in buying and rental Properties
One of the most profound ways to approach real estate investments is to simply look up a place, but it and put it up for rent. This orthodox method has been working for well forever – It has etched into every era.
Whether you are looking to rent out a space to college students, families or renting out sublets to people moving into cities, this could pave your way to a generous income stream for many years to come.
Flipping Houses and property
Let’s say you had been handed over a cabin out in the woods or a house through will, and all it needs is a bit of tidying up and love. If you have some sitting capital of your own, you could invest it in the renovation of the said willed property and then sell it for a profit.
This process is called flipping properties, thought as grand as it sounds. This requires some technical and marketplace experience for it to be a complete success.
Renting out an extra Room
Lastly, if you happen to have an extra room in the house apartment, you can simply put it up on Airbnb and earn a decent amount of money every month.