How to Invest in Real Estate – Here’s What you Need to Know
How to Invest in Real Estate – Here’s What you Need to Know Diversifying your portfolio with a real estate investment can be a great way to solidify your retirement income or create monthly cash flow. There’s no better time than today to invest in real estate, especially with the low mortgage rates available. If you’ve never invested in real estate before, here’s what you must know. Figure out your Strategy First, think about why and how you want to invest in real estate. If you’re looking at residential real estate you have two options: Fix and flip – If you buy undervalued properties and fix them up, you can turn them around, selling them for a profit. Most fix and flip investors have some experience investing in real estate, though, since it’s a lot of work and requires more capital to fix the property up and sell it usually within 6 months. Buy and hold – If you find properties in good condition (or at least decent and you fix it up), you can rent it out and earn monthly cash...
