Today we focus on rental properties and the different types of investments that comes with rental properties. So Another stream of income that the rich have is Rental Property. If you don’t know what rental property is then I’m going to give you a simple generic breakdown.
You buy a property and you rent the property out in the form of monthly payments. There is a few other ways to make money from rental properties. You could do as stated before and buy property then rent it out.
You can also invest in REITs REITs is a acronym for real estate investment trust. You have to purchase these like you do stocks. You will get paid through dividend monthly payments which is a form of Passive Income. I’ll get into this a lil more deeper in a different video. You can do vacation rentals.
This is basically owning property and placing it on a rental website which is extremely profitable if you live in a area that is known for vacation rentals. This could actually be less of a headache then having regular tenants. So there are multiple ways to earn money from rental properties.
The one that’s most over looked is crowd funded rental properties. You can literally get paid from investing in properties that are crowd funded. This is a game changer because if you don’t have the funds to buy property but don’t want to invest in REITs and you have at least $500 to invest then you might want to look into sites like Fundrise and Realty Mogul.
I’ll create a blog post with all the crowd funded real estate investment companies available. Just leave a comment if your interested in that. So there you have it this is one of the 7 Ways To Wealth Rental properties If you want to checkout how you can get started owning your own rental properties and become a true real estate mogul there is book below on how you can get started today.
Until next time Wealthbuilderz It’s yah boy DeVaughn signing off for 7 Ways To Wealth Episode 2 Rental Properties Do remember Make more Save more Build More Peace!