Real Estate Investment - Take Your First Step
There are several ways to invest in real estate depending on your preferences. One way to invest in real estate is to buy a home to live in yourself. People are always making babies, and those babies are growing up. With people living longer than ever, room is not being made for the new generations fast enough. There may be market slumps now and then, but as long as we continue to have babies, there will always be a market demand for homes.
If you buy a home to live in, a great investment is to buy a fixer-upper (a home that needs repairs). Fixing these minor problems over the duration of your stay, especially if you can do the repairs yourself, will help you to gain a great deal of value in the home before you sell it again for a different home.
Some people buy houses just to fix them and sell them again, never actually living in any of these homes. Indeed, in some parts of the country, the market is so "hot" that people can buy a house, hold onto it for three months and resell it at a profit without repairing a single leaky faucet. In time, these people will be able to purchase several homes at once and continue to sell them as they wish, or even let them out to renters.
This leads us to the third type of real estate investment. Buying properties to rent is a great way to make a steady income as long as you are willing to be liable for the premises and willing to be on call for the residents should a problem with the facilities arise. The landlord is responsible for all repairs to the rental building whereas the renters are responsible for not destroying your property. There is a tight legal line to walk, and some people find this means of making money to be too much trouble. For many, though, owning properties and renting them out is a great way to make a second income in addition to their regular jobs, and the properties can pay their own mortgages in many areas.
All of these methods of real estate investment require significant initial investments on your part to start them off, and for the most part they will also require a significant investment of time as well. This can be time dealing with tenants, time repairing buildings, and even time that is spent on acquiring the houses in the first place.
Real estate is a game that is played by men and women all across the United States, and with the right investments it is a game that you can play as well. Buying and selling homes a-la Monopoly® certainly feels like a game, after all and it is a great way to make an income. You just have to be willing to take that first, scary step.
Related Tags: real estate investment
Food for Health. Food For Weight Control. Food as Medicine . Everything About Food Nutrition Such As Vital Vitamins, Dietary Minerals, Fibre, Fat and Carbohydrate. Your Article Search Directory : Find in Articles
Recent articles in this category:
- The Beginning of the Cataloging Code
The first significant cataloging code was published in 1841. The realization that cooperation and s - In the Lap of the Gods 24
Life moved on. Lily became well liked by both students and staff because of her cheerful outlook on - In the Lap of the Gods 23
Does fate decide the future? Is it all mapped out for us, predestined, or can we influence what com - Write Your Memoir: How to Write About What Troubles You the Most
Everyone has a story to tell, and unfortunately those stories aren't always pleasant. What makes me - How Crafty Word Order Can Instantly Improve Your Writing
by Philip Yaffe I am usually very reticent about offering writing tips. Unless they are linked to - You Say Grandpa, I Say Deda
I was born with two grandmothers but only one grandfather. In nature's rules of familial supply and - My Russian American Dichotomy
I was a Russian girl and an American teenager. I had no choice about the first but I tried very har - In the Lap of the Gods 22
This is just an explanation for those who have read some of the other Chapters of, "In the Lap of t - Write a Book: 8 Reasons You Should Do it
Studies have shown that 82% of people want to write a book, but few of these actually ever achieve - Book Review: the Book of Common Prayer
Book Review: The Book of Common Prayer, "My carry-with-me copy is this size, and I recommend it for
Most viewed articles in this category:
- Real Estate Investment - Investing In Commercial Properties
As in any other type of investment, its obviously advisable to do your research well so that the pro - Taking Care Of Acne Prone Skin With Proper Skin Care Products
Although acne has been largely associated with teeners and puberty, the condition is not only confin - Do I Really Need Eight Hours Of Sleep Each Night?
What if you were told that there is no definitive answer for why we need to sleep? Your initial reac - How to Improve Your FICO Credit Score
If you didn't know this already, having a good credit score is more important than having a lot of c - 10 Tips for a Magnificent Memory
"Where did I leave my keys?" "What did I come in here for?" "Your glasses are on top of your head!" - Things You Might Like To Know About Card Companies
If you have a regular income and are 18 or over then you may be able to get a credit card. You will - Bad Breath in Babies and Toddlers
If your baby or toddler has had bad breath lately, not to worry. There are plenty of things you can - Starving College Students No More
The majority of today's college students are extremely Internet savvy. In fact, many of those studen - Cosmetic Surgery Financing: How Can You Get It?
Cosmetic surgery, a branch of plastic surgery, can be quite expensive, especially if you are plannin - Article Marketing, Improve Your Ranking With Links
Article Marketing, without a doubt remains the best free formula for attracting website traffic. At