If you're just getting started in real estate investing, it can be tough to figure out where to put your money. Should you buy a property to rent out? Should you become a landlord? Or should you invest in a different way?
Here are three real estate investing strategies that are perfect for beginners:
1. Buy a property to rent out
One of the best ways to get started in real estate investing is to buy a property to rent out. This gives you a regular income stream, and it can also be a great way to build up your property portfolio.
When you're buying a property to rent out, it's important to think about the location and the type of property. You'll want to find a neighbourhood that's growing, and you'll also want to choose a property that's in a good condition.
2. Become a landlord
Another great way to get started in real estate investing is to become a landlord. This can be a great way to make a profit, and it can also be a way to build up your property portfolio.
When you're becoming a landlord, you'll need to think about the type of property you want to buy. You'll also need to think about the size of the property and the number of tenants you want to have.
3. Invest in a different way
If you're not sure whether buying a property to rent out or becoming a landlord is right for you, there are a few other real estate investing strategies you can try.
For example, you could invest in a real estate fund or you could invest in property overseas. These are both great ways to get started in real estate investing, and they can also be a way to diversify your portfolio.
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