3 Real Estate Investing Strategies
Real estate is still one of the most popular ways of investing. There are dozens of different strategies for how to invest.
One of the most common strategies. You can purchase an inexpensive property and rent it out for years as a nice form of passive income. Pick a house in a decent area that doesn't need any major repairs.
The Lipstick Flip
This is a house that needs less than $5000 worth of work done to it. It lets you do very little work for a decent return on investment. Make sure you don't pick a place with too many issues. You want something that needs primarily cosmetic fixes like needing new carpeting, paint, or basic landscaping.
This strategy may require you to pay cash. Look for a property that's in foreclosure or being auctioned off. You may need to do some basic repairs, but you stand to make a nice profit off of these kinds of flips.
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