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Ways Your Real Estate Investment Can Generate You Money

by Marquette Turner Luxury Homes

in Features, Investing in Property, Real Estate Radar, Variety

The real estate world is an industry unlike any other. It can provide financial security and is a great way to easily expand your wealth. Real estate provides an endless amount of opportunities and benefits, but before you decide to invest in real estate, you should seek the advice of a real estate consultant or trusted professional. This will help weigh your options and make a smart investment.

Four Ways Your Real Estate Investment Can Generate You Money

Commercial Real Estate

There are now more business owners who choose the option to lease rather than owning their storefront or office space. Instead of limiting your scope to single residences and rental properties, you could consider investing in a commercial property such as a retail building, warehouse, or office space. Commercial real estate investing is a way to diversify your portfolio, expand your income, and increase your cash flow. It has less risk than renting a residence and has excellent appreciation value.

Real estate investment - Photo by chuttersnap on Unsplash -Marquette Turner Luxury Homes
Photo by chuttersnap on Unsplash

Flipping Houses

The decision to flip a house is one of the best investments you can make. It can turn into a potentially lucrative business. You can easily turn flipping houses into a full-time career or part-time business to provide substantial side income. Flipping two to three houses per year will generate $40,000 to $50,000 in profit. This could easily exceed your full-time income. Flipping a house doesn’t necessarily have to be a full-time job, which means you can keep your day job while flipping houses on the side. This also allows you to be your own boss. Flippers get to set their hours and have the flexibility to work from anywhere they want which provides you the freedom to do what you love.

Unlike investing in a franchise or storefront, which requires huge startup cost, one of the best parts of flipping a house is it only requires minimal startup costs. It also requires no special licenses or degrees, but it helps to have real estate or construction experience. Flipping houses is not only a great way to generate money, it is also a way to improve your local community. A newly remodeled home will increase the property value of other houses in the neighborhood.

Rental Properties

If you’re considering going into the real estate business, you should consider investing in a rental property. The idea of becoming a rental property owner is a great way to venture into the world of real estate. Statistics have shown that homeownership rates are the lowest they’ve been in the past 50 years, which is why now is the best time to invest. While the national homeownership rate continues to drop, more people are going with the option of leasing as an alternative, which can be a more flexible and affordable option.

These days, a millennial will often choose the option of renting rather than buying a house. Rental properties are a passive income source which will generate recurring income and require relatively little effort to maintain. It can be used to provide retirees financial security or as an attractive option for people looking to make money on the side. Oftentimes, if a person inherits a home they’ll either sell it, hold on to it, or choose to rent it. It also provides you the flexibility to sell your house whenever you feel the time is right or when the market improves.

Investing in Land

When it comes to investing in real estate, the concept of investing in raw land is often overlooked. Raw land will usually appreciate over time and can be a great long-term investment. One of the benefits of owning land is that it requires little maintenance. Unlike purchasing a home, landowners don’t have to worry about paying a mortgage, monthly utility bills, or other expenses. Depending on the state, a landowner will often pay fewer taxes and may be eligible for government tax breaks for property depreciation, which provides them with long-term security and a steady flow of cash. The decision to invest in land provides an endless amount of freedom and possibilities. There are many ways to use your investment to generate monthly income such as, leasing your land for timber, mineral rights, or a solar farm, which may be an extremely beneficial alternative for both you and your family.

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