Buying into real estate is one of the safest and most profitable ways to add range to your investment portfolio. Even if you are hesitant at the start because you think you don't have enough capital or are not an expert in the industry, you can still start out small or by joining with people you know.
Investing in real estate gives you a constant stream of funds while creating tax benefits when you hold or rent out your property. Best of all, you're in much more control over your investments than with stocks.
4 ways to start
One of the best ways is purchasing a rental property, either directly from an owner or a realtor. You can set your own rent price when you make the listing. Another popular way is by buying up a fixer-upper, putting in the work, and then flipping it. You'll need a keen eye for detail but this has tremendous upside. A potentially less committed way to get into it is by pooling your funds together with others on a crowdfund site to purchase a property. Lastly, you could also buy into Real Estate Investment Trusts, which allows you to invest a small or large amount without actually buying property.
Should you seriously consider getting into real estate investing, think about what you can afford, but also what your support system is. Although certain real estate agents have excellent experience in investing, not all of them do. If you can't find one, you could alternatively try a reputable platform. Happy house hunting!
Happy house hunting!