Do you want to have a means of income without the headaches and stress of commuting from your house to your workplace?
Do you want to have a constant flow of income while you spend your time doing your hobbies and other things you love?
“It is in vain for you to rise up early, to sit up late, to eat the bread of sorrows: for so He giveth His beloved sleep”(Ps. 127 : 2)
Real estate investment is one way that you can get the much needed sleep your body needs while your income grows steadily.
I learned real estate investment from my parents while growing up and I’m certain that this is one good way to grow and invest your hard earned money
Real estate is a great investment for many reasons. You get excellent rate of returns, amazing tax advantages and leverage real estate to build wealth(James Harris, Co-Founder, Bond Street Partners)
Real estate is generally a great investment option. It can generate an ongoing passive income, and it can prove to be a good long-term investment if it’s value increases exponentially over time. You may even use it as a part of your overall strategy to begin building wealth(Miriam Caldwell, excerpts from “Is real estate a good investment?”
If you are interested in starting a real estate business but you do not have access to a lot of funds, first start by buying cheap lands.
Remember that if you haven’t planned or prepared for this before deciding to start, you will need to maintain your day job because most lands you buy cheaply will need some time to appreciate
So buy cheap and give some time for it to increase in value, I recommend a period of five years upward. If you have some money left to build a structure on it, do that. Build, get the value of the property as regards rent, and let it out to the highest bidder. Make the most use of space within it to get the best from your house. Instead of building an apartment with two big rooms, build three or four rooms instead; the more rooms you have in the property, the higher the value of the house
You might not get much initially but don’t sell it, just rent it out. As the value of properties increase in the area, so will rent increase. Make sure you are aware of any such increases and apply them to your property
The more money you save from doing your day job should be spent the same way you did for the first property you bought. Repeat the process of buying cheap, building, renting out, and increasing your rent as the value of properties increase in the area.
With time and consistency, you will have more than five such properties under you. You will also be generating a considerable amount of income. Now, you can resign from your day job and pursue your career as a property manager
You can also make yourself available to manage other people’s properties as a means of generating extra income.
With evidence of properties at your disposal, you shouldn’t have any difficulties making passive income as a property manager, writing articles on real estate or even selling other people’s properties for a commission
The above are things you might want to consider if your age permits.