How to Get Into Real Estate Investing

Over the next 18 months, the vast majority of real estate investors plan to increase their allocation of capital into real estate. If you’ve made most of your investments in the past in the stock market, you may be thinking of diversifying your income through a real estate investment app. What options should you consider? Here are the top 3 ways to invest in real estate in 2020.

How to get into real estate investing

 

1. Buy A Rental Property

One of the best ways to increase your monthly cash flow is to buy a rental property. When searching for a property, do the math. Make sure the monthly rent you will receive is more than the monthly mortgage, property tax, and insurance combined. Some real estate investment apps allow you to search for properties for sale, and may even tell you the monthly rent and expenses associated with the property.
One drawback to buying a rental property is the upfront cost and day-to-day management. To ease the stress of dealing with tenants, you may want to consider hiring a property management service to oversee the rental property’s daily operations. Purchasing a rental property can be a lucrative investment, and rental rates have been on the incline for over a decade.

 

2. Flipping Houses

Flipping houses can be a risky but rewarding investment. You’ll need to hunt down bargain homes that require some work, but therein lies the upside in your investment.
Once you make any necessary repairs, you can potentially resell the property for a profit because the property will gain value.
Look into a homes in foreclosure. They are often great bargains. Down-payments on foreclosures can go as low as $500 down.

 

3. Real Estate Investment Trusts

If you’d like to take a more passive approach to real estate investing, you may want to consider Real Estate Investment Trusts (REITs). REITs are companies that own, operate, or finance real estate. Publicly traded REITs are bought and sold on exchanges. Public non-traded REITs are bought and sold through brokers or directly from the REIT itself.
There are three types of REITs: equity, mortgage, and hybrid; Equity REITs own and manage properties. Mortgage REITs lend money to real estate owners and operators to purchase properties. Hybrid REITs are a combination of both. Generally, all of them offer high yields relative to other types of investments and they don’t require tons of money up front.
Real estate investing is an excellent way to build residual income. You can start investing today with a real estate investment app that you can easily download online. As with any investment, be sure to do your due diligence and understand the risks associated with investing.

How to Get Into Real Estate Investing in Your Twenties

Hello, future real estate investors! Welcome to the exciting world of real estate investing. As you begin your journey in your twenties, We are here to help you every step of the way as your financial guide.

Almost 85% of millennials think real estate is a good investment, and about 49% interested in commercial real estate investments. Fresh out of college with your first job, you’re keen to invest, but limited funds can make the process seem daunting.

Don’t worry – We’ve got you covered with straightforward tips to navigate real estate investing with ease.

Learn the Basics

First, get familiar with real estate investing fundamentals. Read books, listen to podcasts, and follow trustworthy blogs. Knowing the lingo, tactics, and risks empowers you to make smart choices.

Define Your Goals

Determine your short and long-term financial objectives. Whether saving for a down payment, generating passive income, or diversifying your investments, clear goals keep you on track.

Save and Plan

Create an emergency fund, pay off high-interest debt, and establish a monthly budget. Allocate part of your earnings to savings and investments. Every little bit helps when starting out.

Connect and Learn

Network with seasoned investors and real estate pros. Attend local meetups, participate in online forums, and join social media groups. Gaining insights from others is invaluable as you embark on this adventure.

Try Real Estate Investment Apps like HappyNest

Crowdfunding lets people invest together in property without needing large sums of money. HappyNest offers a simple way for beginners to invest in real estate. With a $10 minimum investment, you can access commercial real estate, diversify your holdings, and grow your wealth over time. HappyNest is user-friendly and ideal for those starting small and dreaming big.

Be Persistent and Patient

Real estate investing takes time, so success won’t come instantly. Stay patient, be persistent, and remember that small investments yield significant returns over time. Keep learning and evolving as an investor.

It’s Easier Than You Think

Entering real estate investing in your twenties is attainable, even with limited funds. Educate yourself, set goals, and save money. Leverage tools like HappyNest to start investing with minimal capital. Remain persistent, patient, and always keep learning.

You can do this! Your financial future is in your hands. With determination and the right guidance, you can achieve your real estate investing goals. Just remember – start small, dream big, and watch your investments flourish.

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