If you want to take a dip in real estate then this is the best option for you. You can buy a holiday home in any tourist hotspot, use it during holidays and earn a good rental at other times. Many real estate developers are presenting residential projects in tourist hotspots, and Tata Rio De Goa is the perfect example. This residential project in Goa presenting the apartment with the best features you can use as your holiday home in Goa.
- REIT (Real Estate Investment Trust)
Beginners who want to explore the real estate investment arena should try investing in REIT. REITs are the corporations that own or finance income-generating properties in different sectors. These corporations have to fulfill a number of conditions to become licensed as REITs. A good number of REITs deals on big stock exchanges, and present numerous advantages to investors.
Equity REIT is the best option for investment, due to the money pooling for development, maintenance, and purchase. So, as an investor, you don’t have to take care of your property. But it usually works on bigger assets like malls, hotels, hospitals, and residential communities. The best thing is that buying publicly-traded REITs is measured as the safest option.
- By A Residential Property and Rent It Out
As a beginner in real estate investment, you can buy a small ready-to-move-in apartment and rent it out. It will slowly make income considering the operating costs are low. But in normal conditions, your home loan will be fixed monthly, but the rental income will increase with time, generating profit for you.
Very simple and common real estate investment strategy, an investor buys 2 or more units in a residential community. He only lives in one unit and rent out the rest and leads to a drop off in his living expenditures and consecutively generated income for his home loan and other expenditure. The surplus funds directly go to savings.
- Buy a land, construct a building then sell every unit separately
This is one of the common practices in India and is best for generating big profit. First of all, you need to buy a residential plot, construct a building comprising different units and then sell them separately. Here you will be able to generate a sizable profit.
This is undoubtedly the costliest strategy of real estate investment but the most profitable too. Buy an old home, repair & renovate it, and then resell it. Flip Houses may also face problems in selling or, have surprising problems, the cost may increase slightly bit higher. So you need to take the help of experts and ensure that you have enough funds to fix the problem. Usually, property flippers choose the property which needs less repairing work & maintenance.
In the last part of all these best real estate investment decisions, the best decision for you will be the one that suits you perfectly in budget & profit. Consider all the possibilities, whether you want to cope with the household matters, how much time you will give, and finally the funds that you invest.
