How to Build a Real Estate Business without Buying Property
The real estate business is a booming industry. As of July 2018,
How to Start a Real Estate Business without Buying a Property
From becoming a professional property manager to investing in house construction, there are plenty of ways to earn without buying a single property. Yes, they may require some startup capital, but not so much as it would cost a person to buy a house or a commercial space. In most cases, a little investment from your savings account will suffice for you to get started with your profitable real estate business.
Buying stocks from an established real estate company.
A very basic form of investment involves
Become a property manager.
A property manager acts as an authorized representative of a landlord or property investor. The most common tasks include managing rent (collection, setting up the rate or adjusting it, etc.), managing tenants (finding new ones, screening, handling move-outs), overseeing repairs and improvements in the property, and maintaining budgets or records. Property managers in the United States earn an average of
Invest in home construction.
If you have the skills and passion for building beautiful homes, you may find your luck in the home construction industry. It would take time though to study this craft but that’s just the same with any other business. Assess your financing too or some other
Invest in online real estate platforms.
These online platforms are governed and regulated by the U.S. Securities and Exchange Commission. In 2013, they updated some policies to allow individuals with small amount of capital to invest in million-dollar real estate deals which were once only accessible to financial institutions and the wealthy. Think of these platforms as more like ‘crowdfunding’. These real estate platforms are designed to provide individuals with the same opportunities and services that multimillion-dollar investors enjoy. When selecting a real estate platform, take time to know about the team behind the company – their leadership credentials, background and the like. They should have a considerable transaction experience in whatever aspect of real estate they’re focusing on.
Fix and flip homes.
Who doesn’t want to have a beautiful home? There’s a good market waiting for entrepreneurs who have the skills in home flipping and interior design. The trick is to
Lease your home or existing property.
If you have a room, space, or an entire property to rent out, that’s another way to earn. But of course, to put a nice price tag to it, you have to invest a little on home improvements. Aside from traditional property leasing, you can join online platforms like Airbnb where you can rent out your home or property for tourists on vacation.
Starting a real estate business without buying properties is possible. Nevertheless, it’s still going to cost you money (although much smaller), effort, and resources. Take time to study the ins and outs of any business you wish to venture in. It’s the only way to be successful.