Would You like to Make Some Good Passive Income?

Disclaimer

Welcome everyone to Yeeerrr.com where I’m going to only be sharing with you all from my life experiences. The goal is that you may learn something new or benefit from all of my mistakes that I have made along the way. I would also like for you all to be able to learn from all of the good decisions I made as well. Keep in mind my friends that what works for some may not work for others at times. On Yeeerrr.com we will always encourage everyone to do your own research as well as speak with a professional on the subject. Understand that it is too be beneficial for helping you reach your goals. If you find yourself seeking for more information on our terms, please go right to our terms and conditions page along with the privacy policy page as well my friends, it’s right there for you!

Real Estate

Want to make some good passive income try looking into investing in real estate. Real Estate can be more of a hands-on project sometimes but not all the time. There are more to real estate than flipping house or being a landlord. We will still get into the pros and cons of them both in this post. First, we will get into some of the more uncommon ways of using real estate to make money and end off with the more common ones.

REIT’s

  The first way we’ll start with is REITs ( real estate investment trusts) which are like stocks for real estate companies. REIT cover commercial real estate such as office buildings, retail space, apartments and hotels. Now you could use a brokerage firm to buy REITs. You can also just buy shares of public traded companies. REITS also pays out dividends so you can receive a return on your investment while you wait for the big payday.

Lending Club

  You can also join an investment company such as Proper or Lending Club. These companies bring the borrowers to the investors. Taking out the leg work that you usually have to do.

Flipping

  Now for the more common ways. Becoming a landlord and flipping house. Before you can do either of these, you’ll need to take time to find the right realtor for you. You want to make sure they have some experience in the option you choose to go with. Having and experienced realtor will make the process a lot easier.

Selling

  If you decide to flip houses there are a few more things you’ll want to do. Finding the right area is important, location is so important. You want to look at what houses are selling for in the area you choose. This way you don’t put to much money into the rehab and loose money once you sell it. Speaking of rehab. You want to find a few contractors to come by and place bids on the job. Once you find a good one you can stick with them. Building relationships is very important in the business world. Make sure you have insurance on your properties just in case, you never know. If you don’t get insurance, try placing the house under a LLC. These are things you do to protect yourself and your other business you might have. Knowing these steps will make the process easier but prepare for the unseen and unheard. Place some money aside for those reasons.

Landlord

  Becoming a landlord can be either stressful or a dream job. Invest in your investments. By that I mean making sure your rental properties are up to code. Everything is done right, don’t cut corners just because you’re not living there. Once you have that, you want to pick the right tenants. Background checks are important but don’t tell the whole story sometimes. I feel face to face meetings are just as important. Don’t forget insurance on your property, just in case anything happen. Especially, since you’ll not staying there. Don’t spend all your rental income, set some aside each month just in case there’s a problem you’ll have to handle. Follow these steps and it can make your life a little easier being a landlord.

Summary

  Those were just a few ways I use real estate to make money. And some of the things I found to be important in each field. Hopefully this information can save you some money and time. Thanks for the visit and your time todays my friends. I really appreciate it. Please tell your friends and family about the blog if you don’t mind. Come back soon my friends!