When you think of a real estate investor what do you picture? A millionaire tycoon with huge buildings?
Probably, but the truth of the matter is that most real estate investors are not millionaires, but people like you and me who either are just thinking about getting into it or who have a property or a few. Certainly not millionaires, but people who want to make a good living.
Real estate investing
Real estate investing seems like something that is hard to get into, but will make you rich. Depending on your financial situation, credit score, etc., it may be challenging, but it is definitely a good way to make a decent income once you are up and running. So here’s how you get there.
You start with one property
It could be one that you actually go out to find for that purpose, or maybe it’s the home you started out with and kept when you moved up. Either way, with one property you are officially a real estate investor.
How you make an income depends on finding and keeping a good tenant, collecting a fair rent and keeping the property in good condition so it continues to gain value. Oh, and good records for taxes! Part of the way that real estate investors make money is with the tax savings.
Next, do it again
Once you have money banked, buy property number 2. It will take time and effort, but you can make a good life for you.
Hiring a great property manager
On of the things that scares people the most about real estate investing is the thought of having to fix toilets in the middle of the night or getting in a huge shouting match with a tenant who will just not leave.
But never fear! You can hire a great property management company like Denver Realty and Rentals to take care of all that for you. Most investors are surprised by how affordable this kind of service is and love the fact that all the pesky details become someone else’s problem!
Give us a call today if you would like to find out more about hiring a local property management company! 303-452-5853