10/10/2021
There are many ways to EARN PROFIT with real estate.๐
When you buy a stock, the only way you can make money is if the stock appreciates in value, and you sell it at the right time. With real estate you can make money in so many ways, that you can think of.
1. Rental income. That one is the main source of profit investors are going for when buying a rental, and doesnโt need an explanation.
2. Buying low. You turn an instant profit if you manage to buy a property for under market value. Think foreclosures, quick sales, and awesome negotiation skills.
3. Selling high. You can make extra money if you stage the property to attract buyers over market value. With stocks, you always buy and sell at market value. With real estate, you can try to beat the market.
4. Renting smaller units. My friend rent three rooms by the room, to three tenants. He can charge more than if one family was renting the whole place. You can divide your family house into a duplex or a triplex and increase the rent.
5. Renting to businesses. Businesses are a different type of tenure and rents are generally higher. They are also safer if you choose a well known business to rent to.
6. Tax benefits on improvements. You can also deduce the cost of the improvements from the rental income, while the added value to the property is yours to keep.
How you profit from real estate depends on YOU.
Your real estate investment will be a result of your own efforts to renovate a place, promote it, screen a proper tenant, and keep it up over the years.
And real estate is tangible.
Real estate will bring you a monthly rent to cover the mortgage, even if you have negative equity. And in periods of economic turmoil, when people lose their houses to foreclosure or first time buyers are denied mortgages by the banks, you will have more potential renters than ever. When things go back to normal, home prices will increase and you can make a nice exit, sit it out until the next crisis, and go back in the game to buy low. Donโt want to time the market? Just buy.
Now is as good a time as any, for all the reasons mentioned above.โ๏ธ
For assistance message me directly! I would gladly asssist you๐ฅฐ
