Learn from the pros before investing in real estate.
If your only experience investing in property involves paying your home’s monthly mortgage, you might want to consider expanding your real estate portfolio. In fact, there are a number of ways to make money through real estate, and not all of them require taking out a big bank loan or scary second mortgage.
Invest In Rental Properties
A prime rental property can bring in monthly income and appreciate in value over time. Before taking the plunge, though, buy-and-hold investors should consider a list of factors. These include rental rates, a property’s asking price, the state of the housing market, state and local taxes and appreciation potential, said Alex Villacorta, executive vice president of analytics at HouseCanary, a data analytics real estate platform for investors, realtors, brokers and lenders.
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