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How to Make Money in Real Estate: 8 Unusual Methods You Might Not Have Known About

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In the decade since the housing market collapsed, the market has bounced back by over 10%. With interest rates staying low, you can see why investors are keen to put their money into real estate investments.

But if the traditional methods of how to make money in real estate don’t appeal there are alternatives. Whether you have a lot to invest or just a few hundred bucks there is a way that you can get involved. Read on to find out how.

How to Make Money in Real Estate

Traditionally the best way to make money in real estate has been to invest large sums of money, and a lot of time, finding properties in need of renovation. When they’re fixed up, you can flip them for a profit.

We’re going to show you how to money from property in a range of ways, including some that need little to no investment.

Invest in a REIT

If you don’t have large sums to invest, you could put a smaller amount into a REIT, or Real Estate Investment Trust. Reit’s are companies that make large investments in real estate, but you will need to choose which you invest in carefully.

The amount you get back will vary, depending on the project and there are no guarantees. Take legal advice to ensure you are investing in a legitimate REIT and not a property scam.

eBay

You can find pretty much anything on the world’s biggest auction site, and that includes pieces of land. Search for ‘vacant lots’ and find a surprising number and variety of plots available.

Commercial and residential spaces are available, all over the USA. Of course. you need to do your research so you don’t buy something useless, but if you choose the right piece and someone later wants to build on it, you could be in the money.

Turnkey

If finding older properties and repairing them doesn’t appeal to you, then the Turnkey real estate strategy might. The idea is that rather than looking for fixer-uppers, you go looking for properties that are ready to move into at the turn of a key – hence the name.

Turnkey properties can be hard to find, and some advertise themselves that way when they’re not really ready to move into. If this idea is of interest to you, you can learn more about it.

Airbnb

One of the ways to make money in real estate with no money up front is to make better use of your own property. Airbnb has given people all around the world the chance to use spare bedrooms and other unused spaces to entertain guests. For some people, their Airbnb adventure has turned into a home business and allowed them to quit the rat race.

How much you can charge for your room depends on the quality of your property and your location. City center properties are at a premium, and if you’re lucky enough to live in a tourist area you can get good rates too. But no matter where you are, there’s a chance that someone will be looking for a reasonably priced bed for the night.

Non-performing Notes

One option that mortgage companies have when someone isn’t paying on time, is to sell their debt to someone else. They do this in the form of notes, and it can be an alternative to foreclosing and costing someone their home.

You can invest in these non-performing notes, which are usually sold off at a vastly reduced price. That’s where you get the opportunity to make some money; if your borrower pays their loan back. Obviously, that may not be the case.

1031 Exchange

A 1031 exchange allows you to swap your rental property for another of the same or greater value – without paying any capital gains tax. You don’t need to swap like for like, though. It’s possible to switch out a residential property for all or part of a share in a commercial one instead if you want a change of pace.

The name comes from the section of the IRS code that allows this to happen. You can find 1031 listing sites on the internet that will offer you opportunities, and match you with people who are interested in what you have to offer.

Lead Generation

This is another option for making money as a realtor when you have nothing to invest. With lead generation, you use your networking skills and local knowledge to find people who are interested in buying or selling their homes.

When you’ve done that, you can pass the information on to a local real estate agent – for a fee, of course! If you’re the sort of person who is in the know in your community, or you like cold calling, this could be for you.

Crowdfunding

The last item on our list is looking for opportunities to be part of a bigger investment through crowdfunding. There are over a hundred specialist crowdfunding sites for a property, but investors should choose carefully as they are not all equal.

By making a small investment into a project, you could get a return on your money. But as with all other investments, it is not without its risks. Check out the investor protection available, and make sure you know up front what you’ll be paying in fees.

Opportunities for Everyone

What did you think of our unusual ideas for how to make money in real estate? As you can see, there are plenty of ways to invest that are less than traditional. And these ideas are just the tip of the iceberg, there are many other exciting opportunities out there. If you’d really like to make some money through property, do some research and find a way that best suits you and your family.

And if you don’t have the cash to invest right now? Well, you could use one of the no-money ideas here or just hope that you win the lottery. Weirder things have happened, right? If you enjoyed this post, you might also like to read some of our other weird news stories.

Weirdomatic is the place where all weird things come to life through the amazing world of photographs – a corner of our wild imagination or the whimsical face of the reality?


Source: https://weirdomatic.com/how-to-make-money-in-real-estate-8-unusual-methods-you-might-not-have-known-about.html


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