How to earn money from Real Estate: Strategies for OFW Investors
Finding ways to earn money is a major priority in life. Of course we need to look for ways to continuously thrive and get the best of life. And one way to do this is to have a other sources of income rather than relying on our work pay. Some people explore variety of ways to expound their financial inflow through Real estate investment.
Real estate is the safest option for most investors who lack the experience. There are many ways on how to generate money from these type of investment and its on you on how you will expound it to different ways. For starters, we have two common ways to earn profit.
1. Buy and Hold Strategy
This is the traditional and most used strategy for local and foreign investors out there. Just to state, the value of the land appreciates throughout the course of time so the Buy and Hold Strategy is pretty much inclined to this idea. Basically, an investor buys a unit for a cheap price, usually pre-selling units, and then they try to bide one’s time until the unit appreciates in value and by then they will try to resell the unit of course, in a higher value. This will take time but it sure is worth the shot because the longer you exercise this type of strategy, the more you can expand your variety of investment from an affordable house to a luxurious one.
2. Flipping
This strategy is somewhat similar to the former. Investors try to buy a house and then revamp it, try to restyle and refurbish, if applicable, then they try to sell it at a much higher price. The amount of earning from this type of strategy varies from how much the unit is transformed, how the investor idealize the interior to exterior of the house, and how prolific the investor is about the outcome. Some bought a shack thensold it and tripled his capital.
The two stated strategies above are the basic and one-time-big-deal type of earning money in real estate. Aside from these strategies, there are other ideas on how to generate income passively namely:
- Dormitory/Apartment
Dormitories and Apartment aren’t necessarily meant for the big, tall buildings. The idea is applicable to horizontal projects as well, long as the homey feeling is present for the tenants then this is possible. These type of idea is often in high demand because of the affordable prices the land owner offers. The idea is creating a house meant for transients, students and others who prefers.
2. Air BNB or Others
For those who don't know, Air BNB is an Application where you post your unit for others to rent for a couple of days for different reasons. People who usually use this app are those who are in need of momentarily shelter such as for vacation, travelers inn, or for leisure time of some. This applications became handy for some tourist since this is what most of them rely on.
3. Indirect Source
An investment can also be an indirect source of income. This is possible if you want to use the house as a store, boutique or other commercial establishment. Most investors that use this type of investment are inclined to do business partnerships or the same owner of the business.
Investment can be addictive once you get the grasp of it with the different ways it can lead you to. You can do as much as all of the strategies at the same time, if possible. Some even made investment full time and as their sole source of income. Some did strategies and lead them to success. Much depends on how the investor will play their corresponding investment.
I hope this helps. Thank you for reading.
