Real Estate
If you’re looking for a direct investment in the real estate market, then you’ll need to start at the bottom (entry level) and work your way up. Below are some of the main entry points to the industry:
Buy a House, Live in It, and Rent Out Rooms
This is one of the most tangible real estate entry points. You can buy a property and live in it while renting out rooms to tenants. While this strategy may not make you incredibly rich, it’s a great way to get your feet wet in the industry.
Buy a House, Live in it, and Flip it
This one is almost the same as the previous entry, except you’re planning to sell the property later. The idea is to purchase a fixer-upper, fix it up, and sell it at a profit.
Buy an Existing Renting Property
If you can’t find a house for sale at the right price, you can still get into the industry by purchasing an existing rental property. You may have to put in a little more work, but it’s still a great strategy for first time investors.
Buy a Single Family or Multifamily Property
Your Own Home
There is an excellent level playing ground for anyone wishing to start their own home business. Of course, the options are not as great as big business, but the small business owner has a lot of advantages over