The Lazy Way to Invest in Real Estate: 3 Tips for the Time-Crunched

Posted on: May 20, 2022

Are you looking to invest in real estate but unsure how to find the time for it in your busy schedule? Have no fear! There are plenty of exciting and efficient ways to save on time while maximizing your investments. Of course, investing in real estate does require some level of work and initiative. As you establish and pursue your investments, you will begin to gain traction and find it becomes much more manageable! 

So as you prepare for this next step into the world of real estate, keep in mind that it is perfectly okay to start small and expand from there. New investments require patience and consideration. Take your time to weigh your options, do your research, and consult experts. Since different investments will appeal to different people, feel free to choose the ones that work best for you and are a good fit for your lifestyle. Whether it is leasing out one of your beautiful rentals or embracing the adventure of flipping houses, here are some fantastic ways to diversify your portfolio and get the maximum returns on your investments.

Simple ways to invest in real estate

 

Become a Landlord

 

Whether it is a vacation home, apartment building, or other property, there are many ways to invest by becoming a landlord. After setting up and preparing the rental property, all you need to do is find someone looking to lease what you are putting on the rental market. Of course, before you strike out to become a landlord, do your research and find out what kind of clientele are in your area. What are people hoping to rent? What are their interests and preferences? What would help you get the best return on your investment? 

Invest in REITs

 

Real estate investment trusts, or REITs, are a smart call for anyone who wants to invest with ease and own or manage a commercial real estate that produces income. In the words of Prosperity Economics, “they function like a mutual fund or private equity fund, and are much more ‘hands-off.’” This might be a great option for those searching for time-efficient and straightforward ways to invest. However, potential investors should keep in mind that REITs can fluctuate depending on the rise and fall of the economy. So while REITs are well worth considering, it should be noted that they can carry more risks than other options.

 

Flip Houses

 

Popularized by reality shows everywhere, house flipping has become a phenomenon. If you like a project, this might be the perfect investment for you! Keep your eyes open for foreclosures, auctions, and the like to be your potential fixer-upper. As per Millionaire Acres, “Experienced flippers seek out properties that satisfy the 70% rule, which means buying the property at 70% of the after repair value (ARV) minus rehab costs.” While house flipping and selling is an exciting option, it does require a lot of work and effort. It is recommended that prospective flippers do their homework before starting this fascinating endeavor. 

Reach out to a real estate expert today

 

Are you interested in learning more about real estate investments or wanting to know about buying properties in the Black Bay area? Feel free to contact the Ryan J. Glass real estate team for all your house, luxury condo, or property needs. Our team would love to show you some homes and townhouses for sale in our Back Bay location. Let’s get started helping you find your dream home today! 

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