Getting started with real estate investing involves investing in the right strategy. There are mainly two types of real estate investing i.e. commercial real estate and residential real estate.
Depending upon individual interests and likings you could start with either of two. You may tempt to invest in a real estate strategy that you have an aptitude for as it does makes sense to invest in something that you feel for.
You may even have greater chances of emerging as a successful investor but sometimes investing as per individual interests and aptitudes don’t work unless you invest keeping in mind the market trends. As per the real estate experts such as Austin Kerr – Set It off and others, keeping all other factors constant, 90% of the first-timers fail because of investing against the market trends. This is why; you must always get ready for profitable market strategies.
Below are some of the most profitable market strategies having good potential to make you earn huge amounts of money without actually working for it:
1) Investing In Multifamily Homes: It is one of the most profitable strategies. With an increase in the global population and urbanity, there is always a need to have better accommodations. This is why, for better work opportunities, there is a continuous increase in the migration of people from one place to another. As the migration of the people seeking better job opportunities is on the rise so are the opportunities investing in multifamily homes.
It allows earning a fixed amount of money as rent from the multiple tenets. According to real estate experts, investing in it may seem a little ambitious as it does require a good amount of capital before you could start earning profits but it is more advantageous than investing in single-family homes. “Loans do get approved easily for it than single-family homes as there is a greater likelihood of loan recovery due to more number of tenets and greater cash flow,” says Austin Kerr – Set It off.
2) Fixing and Flipping of the Houses: This is another profitable strategy. As the name suggests fixing and flipping houses means to buy a house, renovate it and sell it quickly. Time has an important role to play in this strategy as the loans meant for this strategy i.e. hard money loans have greater interest rates than traditional loans. Because these loans have greater interest rates, you must be liable to pay more interest on the loan if you delay paying off.
3) Commercial Properties: Investing in commercial properties is equally beneficial as it opens many doors of opportunities. Commercial property is most sought after real estate for banks, small companies, coaching centers, etc. You could lease out your properties to any of the aforementioned businesses earning a fixed amount of passive money. Not only this, you could start your own business leading to complete financial freedom one day, provided you have
the necessary business acumen besides having a commercial property in a location that suits best for your business. There is a huge advantage of investing in these properties because you can expect professional conduct as investing in these types of real estate are business to business commerce.
Conclusion: Getting started with real estate investments involves investing in the right strategy. One may get tempted to invest in their favorite strategies. Investing as per individual interests and likings does make sense but sometimes it may not be advantageous unless you invest according to market trends. Some of the most profitable strategies that are trending in the market include multi family homes, fixing and flipping of houses and commercial properties. As per the real estate experts such as Austin Kerr – Set It off and others, keeping all other factors constant, 90% of the first-timers fail because of investing against the market trends. This is why; you must always get ready for profitable market strategies.
Austin Kerr – Set It off
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