If you get a to-do list from people in their forties, fifties or older one of the first things you’ll get is that most people wish they had gotten started in real estate and investing in real estate quite some time ago.
One of the reasons for the delay in entering this particular investment arena is that there is a lack of knowledge coming into the market. People who have been heavily interested in real estate have been doing for years and year which is good because that’s about the amount of time it takes to understand all the little rules and niceties that are involved in investing in real estate.
I don’t think I can explain to you in one article everything you need to know about investing in real estate. That would be a seriously unreal expectation. Even if I had several books I couldn’t teach you what would be required to make a very good living from real estate. However, with this and other articles I can help start you on a journey to quench your thirst for knowledge regarding the simple basics of real estate investing.
First the very basics. There are two types of real estate investing, commercials and residential. Residential real estate is concerned with flipping homes. That is, buying a shabby home, throwing some money into it or doing a lot of renovations yourself and then selling it at a higher price. The profits on this are staggering and you get to live in a nice house for some period of time, but the downside here is that there is much more risk involved and the time investment from your end is also significant.
Commercial real estate is primarily about buying properties like your local corner store property and renting out the spaces to tenants like the local corner store. This is regarded as more big time real estate as it is easier to purchase multiple commercial properties and collect the rent like dividends off of the stock market. Alternatively you can see the commercial property down the road and make significant profits that way.
Both types of real estate carry inherent risks and have different types of rewards. The type of real estate you’re going to be interested in is dictated by what your financial situation is, what work experience you have, what kind of free time you’re looking at or even how much money you have in the bank.
Eric has spent his time teaching real estate investing for beginners for those who are looking to learn. He also shows how to flip houses and other real estate.
[tags]real estate,investing[/tags]
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