Crew Teammate, Kristen Swartz shares with us in this blog post that real estate can be more than just a home!
Looking for ways to invest in the housing market other than purchasing a home? There are many options, some of which are long-term, and others are short-term investments. Some investors prefer to purchase “turnkey” properties that are available to rent immediately, while others may prefer to purchase a property at a lower price point and restore it to a rental or attempt to sell it for a profit. There’s an additional investment strategy referred to as the B.R.R.R.R. method (buy, rehab, rent, refinance, repeat). Some properties offer multiple-units that can be rented in the same building, offering a more steady cash flow than a single-family rental.
Furthermore, short term rentals have also become very popular, with the help of websites such as HomeAway and Airbnb, for people looking to offset the expenses of their vacation homes.
With real estate investing, it’s not a “one size fits all” approach. Rather, you have to find the strategy that works best with your own goals and fits your personality.
We enjoy working with many real estate investors that desire to find their next real estate investment property!
For more information, be sure to check out:
The Book on Rental Property Investing: How to Create Wealth and Passive Income Through Intelligent Buy & Hold Real Estate Investing! by Brandon Turner
The Book on Flipping Houses: How to Buy, Rehab, and Resell Residential Properties (Fix-and-Flip) by J Scott
This informative website: www.biggerpockets.com
Stay with us for more tips on home decor, real estate market updates & local biz. Keep reading the D&C Blog and reach out to dianeandcrew@gmail.com with all of your questions! We love consulting with you prior to buying/listing your home to help simplify the process, it's one of our joys!
