Real estate investment remains one of the top methods to make fast, real, and lasting wealth.
But with interest rates climbing, prices skyrocketing, and an economy that feels like riding on a rollercoaster, it can be difficult to venture into the real estate market without feeling completely overwhelmed.
But here’s the reality – you can still buy or build in this economy without fear of losing your money. In fact, you can actually make money and increase your asset value – even when you see other market indicators saying, “Run!“
The key is knowing how to navigate the current market. Let’s break down some top tactics that you should be using right now to take advantage of real estate investment – regardless of the market.
Technique 1: Short-Term Rentals Are Hot
Airbnb, VRBO, and other short-term rental platforms have been on a tear lately. People seek ways to escape the everyday hustle without dealing with hotels and high-dollar booking services. Best of all, these same travelers seek an authentic, localized experience while supporting an individual rather than a corporation.
So if you want to start taking advantage of the post-pandemic travel boom, now is the time to start building out your own little slice of paradise. And one of the best ways to do this is by buying and retrofitting existing spaces to rent out as short-term rentals.
For instance, do a little research and look for low-dollar properties currently floundering on the market. These could be larger sheds, outbuildings, or any other under-utilized property that could be transformed into an Airbnb hot spot. (You may even be sitting on a shed-turned-rental gold mine in your backyard.)
Invest some capital into renovating that space per local regulations, and create a unique short-term rental that gives travelers an excellent place to stay on a “cheaper” budget. You can then utilize that new income to cover some or all of your current or future mortgage payments.
And don’t worry about having to work hard to keep your space booked – with the right online advertising and reviews, you’ll become one of the hottest spots in the region.
Technique 2: Leverage Veteran Affairs Loans
The US government has worked hard to create opportunities for those who have dedicated their lives to service. VA loans are one of the best ways for veterans, active-duty personnel, and their families to buy a home (and make money on the side).
Depending on your credit score and situation, you may be able to take advantage of a low interest rate without having to pay a down payment or mortgage insurance premiums. This can significantly reduce the capital you have to invest in becoming a homeowner and start generating income through real estate investments.
Another great way to leverage VA loans is by taking advantage of their low interest rates and long-term financing options to purchase multiple properties. You can then rent them out and use the income to pay off your debts while building up your net worth.
One way to maximize your money is by taking advantage of builder incentives. These can include discounts on materials, reduced interest rates, and a host of other benefits. And don’t forget the tax incentives! Wiith proper planning, you could potentially save thousands in taxes each year by investing in real estate.
Technique 3: Work With a Savvy Lender
When navigating any potential real estate investment, partner with a lender who has your best intentions at heart. Never just take the first offer that comes your way, no matter how enticing it may be. Go the extra mile and do a bit of research to find the right lender for you.
A savvy lender should understand all the nuances of the current market and have experience in helping clients make money through real estate investments. For example, a lender who knows their stuff can help you negotiate your liens into a strategic reduction process over time while keeping your “cash to close” as small as possible.
The right lender wants to help you succeed because they win when you do – so don’t be afraid to spend time looking for the right person. Explain to them your goals for buying and using your properties, and they will work with you to create a plan that reduces your cash due at closing as well as your monthly payments.
Even in a high-interest economy, you can still make investments work out in your favor.
You CAN Make Money Buying Homes Right Now
One of the main reasons so many people don’t take advantage of the high-return real estate market is that they see the purchase as an emotional decision rather than a math equation. They don’t know that you can actually make money by taking advantage of the different techniques in tandem in some of the hottest markets in the country – including Dallas.
Texas is drawing a lot of attention in the real estate market due to its business-friendly environment and tax-friendly climate, making it a prime location for relocation. Incentives to build along with high-value neighborhoods create unique opportunities for individuals or families who want to see their money work for them – rather than the other way around.
Investing in high-value properties, negotiating the best purchasing scenarios, and paying off those monthly costs with consistent short-term rental income opens the door to generating a considerable return on your investment – with minimal risk.
So, if you’re looking for a way to make money while investing in real estate, now is the time to get started! With the right techniques and strategies, you can make your money work for you, even in today’s competitive market.
Want To Learn More? Reach Out To Living In Dallas Today!
At Living In Dallas, we are passionate about connecting individuals to real estate’s potential in the best markets. We bring our experience and investment techniques to the table to show you just how easy it is to create fast-paced returns.
If you’re ready to take the plunge and start investing in your future, reach out to us today. Our team will guide you through every step necessary to turn real estate into a profitable venture for you! Contact us now, and let’s get started on your financial growth plan.
Disclaimer
It is important to note that investing in real estate carries inherent risk, and you should always consult a financial advisor to ensure your investments are aligned with your goals. Additionally, the information in this article is not intended as investment advice and should not be relied upon. Before making any decisions regarding real estate investments, it is crucial to conduct thorough due diligence and consider the risks involved.
