Rental Properties
As long as the current trends continue, members of the younger generations will keep struggling to buy homes of their own. This means there’s a lot of future security in the rental market. If you’re willing to take on some basing managerial and maintenance duties, the income from rentals can give you a financial safety net for decades to come.
You don’t have to manage an apartment building to be a landlord, either. Consider modifying an existing house into a duplex or purchasing multiple smaller properties around a city. If you already own a vacation home, consider offering it to short-term renters during the off-season while it would normally sit empty.
Passive Real Estate Investing
If you aren’t interested in the hands-on approach required for rental properties, consider learning how invest in real estate stocks without buying any properties of your own.
One of the biggest benefits of real estate investment is that it’s far less volatile than other types of stock. Unlike businesses and cryptocurrencies that come and go, properties will always have some measure of inherent value. As such, these investments offer better returns with lower risk than playing the Wall Street game.
Quick Cash Sales
Playing the quick cash sale game can be risky, but it can also come with a great payout. If you’re able to pick up a foreclosed or abandoned property for dirt cheap, you have a few options to turn your small investment into a larger profit.
Depending on the state of the house you might be able to flip it and resell it yourself. Always make sure to get a house inspected before you snatch it up for a bargain, as it could have significant structural issues that would cost more than the entire property is worth to fix.
If it’s commercially zoned, consider tearing it down and marketing it to local entrepreneurs or franchises as a prime business location. Finally, you could try working with a company that’s motto is “we buy houses as is” to see if you can get a higher buying price than you initially spent.
These Are the Best Real Estate Investments of 2021
Whether you’re an experienced landlord, a veteran house flipper, or a newbie to the housing market, these are some of the best real estate investments to make in the upcoming year. It’s time to try your hand at one of these options and watch your net worth grow.
Keep reading through our blog for more helpful articles on all things real estate.
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