2. It is important to know how to go beyond just
owning real estate, to learn how make money off it.
3. How to Make Money From a Home
You can make money whether you live in the home or not,
which also provides you with some flexibility.
4. 1. Buying a rental property: You can
buy a home outright and use it as a
rental property. Another option for
rentals is to finance the house and
pay the mortgage from the income
generated by renters. In some cases,
you can even rent out a basement
apartment while living in the same
building.
5. 2. Flipping properties: Buying a home,
renovating it, and selling it for a profit is
known as ‘flipping’. Flipping a home is a
short-term investment on a home that will
yield large profit faster than a rental.
6. 3. Selling in improving neighborhoods: When amenities like
roads improve in neighborhoods, this can increase the value
of its properties. You can buy a home in such an area and
hold onto it until it has attained considerable value.
7. Tips for Investing in a Rental Home
Buying a home for a rental property
is the most straightforward way to
make a home an investment.
8. ● A property manager will make your landlord
experience easier but will reduce your profits.
● Down payments are higher on owner-occupied homes.
● Get landlord insurance.
● The location is very important.
●
9. There’s money to make if you know where to look. Locations like
Lewisburg, WV, have potential, but you'll need someone with
expertise. Call Rebecca Gaujot, Realtor, at 304-520-2133.
She'll find you a home that will be a solid investment.