Ignite FB Tracking PixelTop Ways to Invest in Real Estate - Scott Swonger

Top Ways to Invest in Real Estate

by Scott Swonger 09/12/2021


Photo by Startup Stock Photos from Pexels

Property is an increasingly valuable asset no matter where you live, making real estate investment more popular than ever. While it can be a big commitment, investing in real estate is quite accessible and affordable depending on the level of involvement you are interested in. It doesn’t require being an expert in the stock market, but there are many real estate investment opportunities available.

Here are some of the simplest ways to invest in real estate today:

Home Ownership

Buying and owning property is one of the best investments you can make. The more time and energy you spend in improving and upgrading that property over time, the more potential value you can add to it. In some highly desirable areas, even just simple upkeep of your property can be enough to keep its value climbing. If you own your home, investing can benefit you in the short term just as much as in the long term: by upgrading your living space, you’re improving your own quality of life and adding value. Renovation, replacement and updating of key features in the home are popular ways to invest.

Rental Property

Owning rental property will generate income and give you a great asset to maintain and develop. If you have great DIY skills and will manage tenants, rental investment can be incredibly lucrative and easy. One very common way to generate rental income is by purchasing a multi-unit property and living in one unit yourself. By renting out the others, you can easily cover your own bills and create extra pocket money for yourself. This also means you are close by if any issues arise — if you own the property, it’s your responsibility, even if somebody else is living in it. Therefore, a willingness to do maintenance work yourself is crucial, otherwise you might spend all of your would-be profits hiring outside help when something needs fixing or updating.

Flipping

Flipping a house means purchasing a low-value property and improving it intending to sell at a profit. It’s a shorter-term strategy, which requires all the upgrades to be done quickly and within budget. When successful, flipping can be incredibly profitable. However, it requires significant knowledge of the real estate market and considerable capital to to cover any losses if you can’t sell the property quickly enough. Working with a real estate agent or anybody with industry savvy is key to making flipping homes a worthy investment.

Real Estate Crowdfunding

For people who want to invest with no handiwork, investing through an online real estate investment platform might be a good fit. These online platforms connect investors to companies or specific projects so that individuals can pool their money to invest in larger commercial or residential deals all over the world. Compared to purchasing a property, it requires less startup capital, but you’ll only be buying a portion of the profits. This can be a risky but easy way to invest, especially since you can diversify your investments across multiple properties or projects no matter where they are.

Investing in real estate is unique because it provides many different ways to participate. However, as with any investment, make sure you carefully consider the risks involved in order to determine which type is right for you.

About the Author
Author

Scott Swonger

I pride myself on educating home buyers when it comes to their single largest purchase. I love to research properties, especially condominiums. It troubles me when I hear stories of families buying into a condominium complex that has not been managed properly or does not have proper reserves. I feel an essential part of my job as a full-service realtor is to guide buyers to the best possible home we can work to find together.

I am married to the love of my life Marty and I am the father of three grown children and 6 grandchildren and now 1 great grandson. They all love their “Poppa Scott”

Please feel free to reach out to me with any real estate questions or needs.

I have a philosophy I have lived by for years.

“Successful people allow others to help them.”

I look forward to working with you! 

Scott