If you are a beginner real estate investor looking to buy rental property and create passive income, you may be wondering where to start. You may even be a bit overwhelmed, and that is natural! After all, you want to know how the rental property is going to create an income stream for you, what sort of return on investment, (ROI) you will have, the cost of owning the rental property, and much more. Let's take a look at real estate investing for beginners so that you know exactly what to expect when you buy rental property and embark on your vision of becoming a successful real estate investor!
How Will I Make Money?
The first question that probably comes to any beginner's mind is how the rental property will make money for them. It is actually quite simple. A real estate investor makes money in several ways. One of the biggest is property appreciation. That rental property that you purchase today for $200,000 could be worth significantly more in five or ten years - and that is money that goes in your pocket! You can also expect to make money through rental income and tax benefits. When you buy rental property, you are creating several ways to increase your personal wealth.
How Will I Find Tenants?
Many real estate investors who are just beginning in the industry may worry that they won't be able to find tenants for their property. BrickOp finds qualified tenants for you so that you can rest assured that our property management partners are working hard to ensure that your property is rented at all times. We have the expertise that is needed to stay on top of current market information so that your investment is working for you at all times.
What Else do I Need to Know?
It is important to know that BrickOp takes the guesswork out of real estate investing for beginners! We educate investors on all aspects of investing so that you can be aware of what is going on at all times, and our property management partners handle all property management duties such as collecting rent, handling maintenance requests, contracting cleaning services, coordinating the move-in and move-out process and more.
How to Get Started
Now that you've decided to get started investing in real estate, the best place to start is with a company such as BrickOp. We are there with you every step of the way during your new endeavor to ensure that everything runs as smoothly as possible, and you get the most out of your investment! Our model is easy and convenient - choose a property to invest in, and pay the down payment on your property over 30 months or less. We handle the management aspect of everything to make everything as simple as possible for the investor.
BrickOp's vetted partners make the process extremely efficient. With us, you reduce many of the risks of investing on your own, making the investing process completely stress-free for you. Our partners can assist you with every aspect of real estate investing and will answer any questions that you have regarding the process. As an investor, we provide the expert advice that you need at all times, but remember that you are ultimately in control! Rental income is collected and deposited into the investor's bank account each month. Sell your property at any time, and we typically buy the property back from you.
When investing in real estate, don't go at it alone. Let BrickOp help you as you buy rental property and get started on this exciting journey. If you have any questions or would like more information, contact us today!Tags: Investing, real estate, beginner, couple admiring their first home