How to invest in real estate 101 is a guide for anyone looking to jump on the real estate wagon this year.
If you are reading this, then it goes without saying that real estate investing is a very lucrative business opportunity with long term financial rewards and perks. And if done right, it can become a full-time business and a primary source of income for many years to come. But, before we get started, know that it is not easy and becoming rich and profitable won’t happen overnight. You might need to bootstrap at the beginning before you start making significant profit. So let’s get started. Here are the best ways to get started in real estate investing for big profits.
Related: How to Find the Best Investment Property for Sale: A Step-by-Step Guide
6 Best Ways to Get Started in Real Estate Investing
1. How to Invest in Real Estate: Get Real Estate Educated
Without a proper real estate foundation and education, you won’t succeed on your own, especially if you are just starting out. This entails studying, reading blogs and books, and seeking professional guidance from a mentor or advisor. You need to find ways to accelerate your learning to make a tangible impact in real estate investing. Staying on a steep learning curve will set you apart from the competition and help you hone in on the most profitable real estate investments in much less time and risk. Check out Mashvisor’s blog for sound real estate investing tips, tricks and guidance for novice and expert real estate investors and professionals.
2. How to Invest in Real Estate: Use an Online Real Estate Platform Like Mashvisor
In tandem with the previous point, do not discount the web and online resources to help with your investing decisions in real estate. There are plenty of online real estate platforms that can help beginner investors hone in on positive cash flow properties in commercial and residential real estate investing.
How to invest in real estate begins and ends with Mashvisor.com; this means you won’t need to make tedious and time-consuming spreadsheets to find the best real estate investments. On the contrary, it will speed the process of finding lucrative real estate investments in a much shorter time frame and with higher returns on investment (ROI).
Last but not least, do not get stuck in doing things the traditional way; even your investing strategy should not be defined in a box. Choose creative real estate investing strategies to reap higher rewards and beat the cutthroat competition.
Related: Owning the Most Profitable Investments in 2018 Real Estate: Education vs. Experience
3. How to Invest in Real Estate: Invest in Rental Properties
Investing in residential real estate is a very good option for those starting out. Unlike commercial real estate, almost anyone can afford to take out a loan and invest in a rental property; it costs less and the risk investors take on is more manageable. The best way to find profitable real estate investments is by using our rental property calculator; real estate agents and investors use the calculator to help them make smarter decisions in regards to their current and prospective investments. The calculator estimates the overall ROI by measuring your rental property inflow (profits) and cash flow (expenses). This way you can be rest assured if the investment property will make you money or not.
When it comes to investing in rental properties, choose the best real estate strategy aligned with your business plan and long term goals. This also includes honing in on a property type i.e single family home, multi family home, a condo, etc.
4. How to Invest in Real Estate: Try House Flipping
This real estate strategy is a bit more challenging for novice investors because the timeframe between fixing a house and finding a seller is very limited and definite i.e. less than a year. But, if done right, you can reap big financial rewards and kickstart your real estate business on a very high note. House flipping is a quicker way to make money in real estate investing as opposed to the traditional real estate strategy.
5. How to Invest in Real Estate: Airbnb Short Term Rentals
If you do not want to take out a loan, then fret not, use your home to start your real estate business. With the help of the internet and sites like Airbnb.com, you can easily start a business from the living room of your own home. The good thing about Airbnb is it allows the hosts to decide who stays in their home, when, and for how long. You have the full autonomy to set your own pricing strategy and make quick bucks very fast.
Related: Why NOW is the Time to Buy an Airbnb Investment Property
6. How to Invest in Real Estate: Hire a professional real estate agent
Do discount to hire a professional to help guide your real estate investments at the beginning. But choose a real estate agent who is an expert in the location/area you have in mind. Their expertise, their networks, and negotiation tactics can get you to buy or sell real estate for greater gains.
These are the top reasons to hire a real estate agent for beginner investors:
- Education and experience
- Neighborhood knowledge
- Legal procedure and contractual agreements
- Negotiations and price guidance
- Knowledge of market conditions
To speed your outcome and rewards, use Mashvisor analytics to streamline your property research and find lucrative traditional and/or Airbnb properties in a matter of minutes. Using an online platform like Mashvisor can guarantee profitable real estate investments without the need for spreadsheets or hours of searching for the ideal rental property.
To start looking for and analyzing the best investment properties in your city and neighborhood of choice, click here.