Monday, August 3, 2020

5 Easy Ways To Begin Investing In Real Estate

Deciding what to invest in can be a daunting task. With the economy and stock market on shaky ground in 2020, it's easy to feel a lot of insecurity right now. Two years ago, my husband and I bought our first home together. It has been one of the best decisions of my life and I am still floored by how easy the process was.

rural, rural life, rural home

In the tiny town we now live in, there is a small commercial garage that is up for sale and I can't stop my husband from talking about that every. single. day. He could put all of his cars there, it's in a very convenient spot to have a tower/wrecker, and he could finally finish his 394854757 projects in a dedicated space and not the driveway.

That last point is what sold me.

I began to research how to begin a commercial property purchase and fell down a rabbithole of the pros and cons of both residential and commercial real estate. I learned that there are five simple ways to get started investing in real estate:

Rent Out A Room

This doesn't quite seem like investing in real estate at first, but what it does is teach you about paperwork and what is required of you as a property owner. There is a lot of paperwork involved in real estate and it's in your best interest to know all of the laws/requirements of owning property. Renting out a room is what a lot of people start with instead of jumping into owning a rental property. However, many people do choose to begin with investing in a rental property.

Purchase A Rental Property

This is where many people's real estate investing journey actually begins. Whether you purchase the property or you are gifted the property, owning a rental property is a huge step. It's definitely exciting! I haven't taken that leap yet, but have considered it as an option in the future. You should definitely familiarize yourself with A Beginner's Guide To Real Estate Investing. It's available online here!

Consider Property Flipping

This is what drove me to seriously consider the commercial property purchase. If anything, after fixing it up, we can always flip it. It really is a great property for a garage so it seems like a great investment, either way! There is information everywhere on Google but I found the best tips on how to begin through the connected investors review here.

Attend Real Estate Auctions

Real Estate Auctions can be found all over America. I had attended vehicle auctions before but had not attended one for real estate. It always surprises me the deals you can find here and the cheapskate coupon mom in me LOVES the bargains. It's definitely one of the best places to find your first property!


Research, Research, Research

Use the resources you have at your disposal and read, read, and read even more to learn everything you can.

 Now that I think about it, this is my advice for everything in life!


Have you invested in real estate? Share your tips in the comments below!

20 comments:

  1. These are all such great tips and tricks for real estate investment properties! Thank you for sharing.

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  2. I have always wanted to flip a home! its a big dream of mine. my mom and dad did it

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    1. I know quite a few people who have had great success with it!

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  3. This is so interesting! I always thought flipping a home sounded like hard work but very rewarding as well.

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    1. I am so addicted to the property flipping shows on HGTV. It does seem like a lot of work but SO WORTH IT!

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  4. I admit the whole process of investing for me is quite complicated, but I'm glad this post has helped me understand things clearer! Thanks for sharing these tips with us, I'll be sure to keep them in mind!

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  5. Wow,these tips are great! Thanks for sharing!

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  6. These stuffs are very logical right now as everybody is dilemma of what's really gonna happen in the near future. Investing in real estate is really a daunting task and one should always know it very well.

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  7. Amazing tips and tricks! I'll keep this in mind for future plans. Thanks for sharing!

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  8. These mentioned tips and ideas are truly very helpful and useful indeed...glad you shared them with us..great work though...

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  9. My husband rents out his apartment (we live in mine, both got it ourselves before we started dating). It gave us a lot of freedom. We could go and pusui your working dreams because of it. I started having minimal wage and wouldn't be able to afford it if I didn't have steady income in family (my hub's work is contract based too)

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    1. That is a great idea! It definitely helps supplement your income which can come in handy when you're a contract/freelancer for sure!

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  10. What great tips for people
    To begin!

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  11. Easy sounds, it does. One has to be really interested and invested into the idea of real estate.

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  12. Oh this is a great tips for everyone who would like to invest. Thanks for sharing.

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  13. I have bought plenty of houses and thought about dabbling in real estate, but I just never did. Never too late to start, huh?

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  14. I can't wait to get to the point where I can invest!

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  15. Investing in real estate was the best decision I ever made.

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  16. Investing in real estate is one of my early retirement plans.

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