Today we are taking a look at how you can make extra money by investing in real estate.
Today Sarah York, Nic Jankovic, and I are going to talk about the profit approaches for real estate investing. There are three profit approaches real estate investors can take advantage of to make extra money: Use change, appreciation, and cash flow.
The use change approach comes from fixing and flipping a property. The cash flow approach comes from holding the property in the short term and enjoying the passive rental income it produces on a month-to-month basis. Finally, the appreciation approach comes from buying a property, fixing it up, and then renting it out while enjoying its appreciation over time.
If you put the three profit approaches together, you got a triple play. You will get the gains from the improvement of the value, the passive rental income on a month-to-month basis, and the appreciation each year.
If you have any questions about making money this way or are interested in buying or selling a home, please feel free to contact us. We look forward to speaking with you.