Little capital still wants to make money from real estate: 3 ways to make money from home
Land “fever” is the most mentioned keyword from the beginning of 2022 until now. Everywhere, it is easy to see the scene of people competing to see the land and pay down to buy a house. However, this is not the only way to invest in real estate that can bring profits, especially when your “cheat” capital is not enough.
If you still want to make money from real estate, check out the 3 ways to invest below.
1. Buy an old house and remodel it
One of the most popular forms of real estate investment today is buying an old house and renovating it to sell for a profit or rent it out, creating an extra source of passive income.
Overall, this is still an expensive form of real estate investment. To buy a house in a good area, with potential for resale or rental, you will have to spend a lot of money. Not to mention, the cost of repairing and renovating the house will also cost a lot.
However, in terms of profit, this is a bargain not to be missed. A house in a stable area with good structure and appearance will definitely sell for a high price, making a profit of several hundred million after a short time is normal. And if you choose to rent out after the renovation, the house can still help you “make money”, becoming a stable passive income every month.
Experience if you want to invest in real estate in this way is to take the time to hunt for small plots of land, alley houses or old houses in the inner city. With a small amount of capital, you should use it to repair or build a new house and then sell it at a high price to buyers.
2. Rent and sublease
And if you do not have billions in hand, still want to create passive income from real estate, you can choose to rent and lease back to make a profit. Compared to buying a house outright, this is clearly a less risky and less financially burdensome form of investment. Some people even have a capital of 36 million and still earn billions from this form.
To make a lot of money from this form, you should choose to rent an empty house in a densely populated area. Depending on the standard of living in that area, the time you rent the house, consider whether to invest in renovating and renovating the room and the rental rate. However, to limit the risk, you should also manage tenants closely, consider carefully before renting to anyone.
3. Real estate brokerage
If you have too little capital to “cheat” but still want to make money from “fever” land, becoming a real estate broker is the most viable option. Normally for each successful closing project, you will earn 2-5% commission/on value. This number is not small at all, there are even people who claim that “one month, just closing 2 projects is equal to earning a farming season”.
To become a successful real estate broker, in addition to market knowledge, you also need to train yourself with certain skills. Even thanks to this job, you can also rub and consider more potential projects for yourself later.
Photo: Synthesis
at Blogtuan.info – Source: Afamily.vn – Read the original article here
