01-01-2024, 04:59 AM
There are different ways to get into the real estate game:
- Flipping Property: This is when you buy a property, hold onto it for a bit, and then sell it to someone else, making some money in the process. Some folks like to spruce up the property (with renovations or construction) before selling it for a higher price.
- Rental Income: A lot of people invest in property to earn rental income. It's pretty common – you buy a house or a commercial space, rent it out to individuals or businesses, and make money from the rent they pay.
- Property Development: Another way is to invest in developing property. This means buying land, building something on it, like apartments, and then selling those. However, this option is usually for big or institutional investors. As a smaller investor, you can still buy a flat in these properties and later sell it for a profit.
- REIT: You can invest in a Real Estate Investment Trust (REIT) that owns, operates, or finances income-generating real estate and receive dividends