“Real Estate investing provides the greatest values, highest returns, and the least risk.”
– Armstrong Williams
Millionaires all across the world have claimed real estate investing to be one of the most effective and best forms of investment out there in the world.
And if you don’t know how to get your journey started, you are at the right place.
In this blog post, not only will we take a look at the most basic forms of real estate investing, but we will help you get started.
Before we dive in, let’s take a look at what real estate investing is all about.
What’s Real Estate Investing?
In simpler terms,
“Real estate investing refers to purchase, management, ownership, sale, or rental of real estate for some kind of profit.”
Chances are that the first thing that might have come to your mind after hearing the term “Real Estate Investing” was your home. But, it’s so much more than that.
There are tons of options available at your disposal to invest in real estate. And the most amazing thing is, you don’t even need to purchase a physical property in order to invest in real estate.
Listed below are the two most basic forms of real estate investing:
- Residential
- Commercial
Let’s take a look at each of these forms one at a time.
Residential Real Estate Investing
You’ll come across residential real estate almost everywhere you go.
Right from the single-family homes to villas, investors earn money by renting out their residential real estate properties to tenants.
And that’s just not it.
There are tons of other forms of real estate investing that you can equip to earn a great deal of money.
Right from renting out a spare room to flipping houses, you can earn a great deal of profit, as a result of residential real estate investing.
Commercial Real Estate Investing
Investors all across the world have managed to generate millions of dollars by investing in commercial real estate. It’s one of the most effective real estate investing forms out there.
Here’s a list of few of the commercial real estate examples:
- Apartment buildings
- Farmland
- Hotels
- Malls
- Medical centers
- Office buildings
- Warehouses
Unlike, residential real estate, commercial real estate investing is heavily focused on leasing out and collecting rent from businesses, rather than residential tenants.
Wondering how to get started?
Let’s take a look.
Here are the 8 steps that you need to follow to get your real estate journey started:
- Identify your current financial stage
- Learn everything there is about real estate investing
- Choose a target market
- Decide an investing style to pursue
- Hire a property manager to help you come up with a business plan to maximize your profits
- Analyze the deals
- Start building your team & network
- Make offers & close deals
And that’s how simple it is.
However, prior to getting your journey started, always keep in mind to hire a property manager. Not only will he/she help you come up with an outstanding strategy, but will even come up with mind-blowing offers and deals to help you throughout the entire process.
And that’s exactly what we are here to help you with.
It’s time you hired the professionals.