How to Invest in Real Estate - The Smart Way to Get Started

If you have ambitions of earning hefty bucks as a real estate investor, make sure you proceed with caution as investment in property of real estate is a tricky and risky business. If you don’t know the basics, it may disappoint you.

Mark Tencaten, real estate investment expert, says, “Investment in property or real estate would never bother rich billionaires and business tycoons but the average investor should take every step with caution as they may not be able to bear the losses that it might bring.”

Having said this it doesn’t mean they should not invest in property. It may make you feel relaxed to know that $500 could be enough to get started as a real estate or property investor. It’s just that they should keep their eyes and ears open before pouring in their hard earned money.

Listed here are some smart tips for beginners to invest in property or real estate:

Decide What You Could Pay As Down Payment

Before you pick your first investment, you should decide on how much you’ll want to spend on a down payment. Real estate can be a risky business, so don’t invest any money you can’t afford to lose. It’s always a great idea to talk to property experts like Mark Tencaten before making your first purchase. It will help you save both your time and money.

You Can Start with Purchasing a Rental Property

Investment in residential property is considered to be a lesser risky zone when it comes to investment in property or real estate. Becoming a landlord guarantees a fixed monthly income, provided you are left with good income after deducting the maintenance costs and loans, if any.

Investing in residential properties may seem like passive investments but they aren’t, and require your active involvement. So it is important you’ve enough time and money to invest.

“Investing in residential property has huge opportunities but it is important to consider factors like location and spending power of potential tenets,” advises Mark Tencaten.

Invest in Real Estate Investment Trusts (REITs)

Investment in REITs is the easiest and safest way for beginners to enter the commercial real estate sector. In the view that investors can get at least 90 percent of corporations payout as dividends, it could well be a high yielding investment space. Plus, you always have the option to liquidate your investment, which means you can choose to sell your shares without getting into the hectic process of selling the building. Corporation takes care of these complicated affairs. For more information on investment in REITs, you can contact Mark Tencaten.

Short-Term and Vacation Rentals

In case, you are not interested in going through the stock market route or buying a property, you have still got opportunities to generate real estate income. You can try renting out a room on a weekly or nightly basis. And, if your house is situated near a tourist destination, you can choose even to rent out an entire home for short-term periods.

To know more about such risk-free and profitable property deals, you can see Mark Tencaten who knows all tricks of the trade

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Created on May 14th 2021 03:33. Viewed 248 times.

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