Ways on How to Invest in Real Estate
Are you a beginner looking to invest in real estate but not quite sure where to start? Regardless of the type of commercial real estate you’re interested in, such as multi-family residential real estate, here are some common ways to get started with real estate investments:
Rent Out Part of Your Home
While this tactic sounds more like a side hustle than an investment strategy, many homeowners with some extra living space choose to proceed with it. Thanks to digital platforms like Airbnb, renting out a spare room in your home for a few days is now easier than ever. Similarly, you may rent out your entire home for the time you take a summer vacation or go out of town for other reasons. Renting out your space for a less than 14 days also means you won’t have to pay any taxes on your earnings from rent.