MAKING RENTAL INCOME FROM REAL ESTATE

For many, thinking of investing in Real Estate is a fantasy. It could be that the capital required for such huge purchases are not readily available; or that upon raising the said capital, one cannot leave it all “tied up”.

Below are some tips on making rental income from real estate investments:

Buy Rental Properties

There is no rule that says you have to live in a house because you own it, especially if you would make more money by letting or leasing the property. If you buy a house through a mortgage, your rental income on the property will help in offsetting your monthly payments.

Buy, Renovate, Resell

Dilapidated properties are more easily negotiated. If you get such at a price below regular market rates, you may consider renovating and reselling it at a profit.

House-sharing

So, you have a 5-bedroom duplex and you only make use of 2 rooms? Why not rent out the other rooms and make some extra income?

Comments

Why Real Estate is The Safest Investment Option In Nigeria

It takes money to make money . Someone once told me to forget about building wealth if I wasn’t willing to take the risk of investing in long-term ventures. They are typically two types of investments: long-term investments and short-term investments. Each option comes with its benefits and the level of risk involved. Typically the economy you find yourself in determines the sort of business you should invest in. Nigeria, for instance, is an emerging, middle-income, mixed economy with rapidly expanding manufacturing, financial, service, communications, technology, entertainment and real-estate sectors. Although fairly stable, the Nigerian economy is immensely influenced by its political stability and transference of power. Each political tenor typically comes with new policies and in most cases hinders the furtherance of the past tenor’s developments. In a country that typically operates like this, investing in real estate is one of the few safe investment options that har...

Off-plan Property - key questions to ask

We’ve analysed hundreds of off-plan property deals and come up with a list of the most important questions that first-time investors neglect to ask. Here are the seven key questions that you should ask when buying a property off-plan, and throughout the process of building your property portfolio. 1. How much are the reservation fee and deposit? The reservation fee is the amount you pay to reserve your new build. This is between £500 and £2,000. The next payment you’ll make is the deposit: usually around 10% of the final price. 2. How secure is my deposit? Your deposit will be paid to the developer's solicitor or a mandated authority, but they should hold it in a separate client account. Depending on the contract for sales and purchase the deposit may be releasable or be held with the solicitor. Generally, only the first 10% of the deposit is protected by schemes It helps to protect you should anything go wron...

Guide-Learn About Real Estate

Real estate investment is a great opportunity to earn profits and generate a cash flow. There is a slight difference between real estate investment and other types of investment. Real estate investment can be categorized as a long-term investment or short-term investment. Good real estate investor has ability to invest in real estate at right time. Real estate investment requires proper knowledge and concentration to invest in good piece of land. Sometimes heavy investment gives wrong results in the future and sometimes with a small investment you can earn more. Investors should be alert at the time of investment in real estate. If you're going to rent your property you should have sufficient knowledge about tenant problems and requirements of tenants. You should be aware of all financial as well as legal requirements for your real estate. Investment goals are the primary factor for real estate investment. Decide your investment goals like what you want to do with your re...

Making You Wealthy And Heathy

Search This Blog