Getting involved in real estate can be an amazing way to dip your toes into the world of investing and maybe even start making continuous passive income. But where do you even start?
First, consider what your goals and methods will be. If you’ve started to take notice of run-down real estate and you’re interested in adding value to a distressed property and then letting go of it, you might be a house flipper. If you’d rather buy property to hold onto and rent out, landlording might be in your future.
No matter which way you choose to invest, it’s imperative to build a strong team to support you, including a real estate agent, mortgage professional, CPA, financial advisor, and a real estate attorney (we know a few of those).
For more on the flipping process, misconceptions about investors and concerns on becoming a landlord, tune in to this week’s video.
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