Real Estate Investing to Suit Any Lifestyle
Investing in real estate may sound overwhelming but in reality it can be a great way to spend money and invest in your future. According to a recent Seattle Times article, over two-thirds of Americans believe that real estate investment is too expensive and not attainable for their daily lives. However, if you are willing to do research about the types of investment opportunities it is likely that you will find a way to invest without feeling intimidated.
Traditionally speaking, rental properties have been a popular method to invest. It is really quite simple: Buy a house, rent the house, make money. When you dive deeper into the realm of investing you can do much more than this while being as involved as you see fit.
To start small, real estate investment trusts are a great way to spend as much, or as little, as you’d like. In short, you agree to donate a sum of money and let someone else manage it. This is a great way to go if you are new to the real estate investing world, especially because they have to pay out a minimum of 90 percent of their taxable income to investors. You can invest, let other people handle the stress and come out on top at the year’s end.
House flipping has become popular across the country, largely thanks to reality television shows that feature young, successful people flipping homes for profit. One way to flip homes and profit even more is to live in each house that you are remodeling. This eliminates the need to pay for your remodel project along with a separate space to live in. This method may not fit your lifestyle, especially if you have a family. If you aren’t a single entrepreneur looking to flip a house, there are other options!
Perhaps you and your significant other have become empty nesters with a large home that is full of space and newfound silence. Renting a room is a fun way to breathe life and activity into your home. If you aren’t ready to commit to a full-time renter you can use it as a vacation rental with companies such as Airbnb.
These are just some of the ways that you can invest in real estate. For more options on how to dip your foot into the pool of investing, read the full article from Seattle Times here.