Investing in anything that is proven and lucrative is a great way and investing in property is a great way to make this happen. Now you can buy and sell properties often right from home. You will, of course, need to view the properties and make any improvements or repairs you wish to complete yourself from the location of the various properties, but just think of all the money you could make if you just rented them out.
Rental properties, if fixed up right, can be home to people for many years. If they are satisfied with the property itself as well as renting from you, they are more apt to stay on for an extended period. Sometimes tenants even ask to purchase the house they have been renting.
If you own several rental properties you might also consider a rent to own type of deal. Here the tenant would agree to buy the home from you while living there. The rent that is then collected each month will go toward the mortgage. This is a great way to sell a rental home you know already has good tenants. If you don't want the hassle of trying to find new renters while you consider selling or waiting for a lease to end so you can sell, you might consider this option. You can also allow your tenants to make the necessary repairs if they choose. One example of how this could work would be if they purchased the materials and you took care of the construction or paid someone else to do this for you. If you have tenants who are already skilled in this area, you might consider switching around so you purchase the materials and they make the improvements. If they are renting to own this may be seen as a way to improve the home while adding value to it before they even make the purchase themselves. This will mean less work for them in the future as well as less work for you now that someone else is making repairs and taking the home off your hands.
There are many ways to make money from home through real estate investments. You can buy and sell property in other locations than the one in which you live as well as keep up with tenants you have in other locations. You will have the opportunity to make repairs, improvements and renovations in order to increase the value of your properties. Flipping houses will also net you quite a profit. By buying a house for a low price, fixing it up then turning around and selling it at a much higher price, you are taking action that will improve the results of the investments you have made.
Copyright (c) 2011 Jack Bosch