When investing in real estate, a big decision you will have to make as a real estate investor is what you will most likely want to do with the properties you buy. One way you can make money with real estate is flipping. That’s when you buy a property with the intention to resell it as fast as you can for a profit. An advantage of flipping a house is once you sell the property you don't have to worry about it any more. A disadvantage of flipping a house is if you buy a house and prices fall you can lose money in a deal.
Another way you can make money with real estate is buying a property and renting it out. An advantage of this is once you buy a property that property can give you income for as long as you own it and have people in it paying rent. The disadvantage of buying a property and renting it out is fixing or replacing anything that breaks. Both flipping and buying to rent out has its advantages and disadvantages. Flipping can get you a lot of money up front but buying and renting out can give you passive income for the rest of your life.
As a real estate investor you can do both flipping and buying to rent out. If you do an assessment on a property and you think it can make you money and it is close to you it is better to rent it out. If you do some assessment and you can make some money but the property is kind of far it is better to flip it. Flipping and renting out both can make you money. If you use the information you read here it can help you to make the right decision.
Thursday, August 27, 2009
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