Housal News and Articles

3 Ways to Get Started in Real Estate Investing

Published Date : February 16, 2022

New investors’ biggest mistake is falling for the “get rich quick” scheme. There are no shortcuts in making money in real estate, but if you’re willing to work hard, you can succeed.

Real estate investing can be intimidating, and there are so many lessons to learn and skills to acquire that it’s easy to get overwhelmed. The most important factors of real estate investing are deciding what type of investment you want to pursue and determining if you have enough capital for your investment goals. Here are three ways to get started in real estate investing:

Investing in REIT

Real Estate Investment Trusts (REITs) are a form of real estate ownership that allows you to invest in income-producing properties, similar to a mutual fund. Instead of owning shares in a single building or property, your money is dispersed across dozens or hundreds of properties. This diversification protects the investor from the risk of default by one particular property.

REITs are a great investment alternative. They provide diversification, liquidity, professional management, and they are generally low-cost. A few things should be watched out for, including fees, illiquidity, and market risk.

Buy a Home and Rent it out

The real estate market is proliferating, and many investors are now looking to invest in rental properties. One of the best ways to earn profits in a recovering market is to purchase properties at a discount and rent them out. Renting out a home is easier than you think. As long as you can keep up with the demand for a property, you’ll make money and have someone else pay off your mortgage.

Flip Houses

Buying and flipping houses can be a very profitable business. If you are willing to learn the ins and outs of the company, it may be a good investment opportunity for you. There are various methods to make money in real estate, but investing in properties to fix and flip is one of the more popular strategies. So have a good team and ensure that you have proper capital for risks. Generally, property flippers don’t use more money in improvising the property but select a property with a value that only needs a bit of addition.

If you are interested in starting a real estate investing career, there are many ways to get started. We’ve provided you with three different paths to take when deciding how to get involved in the industry. To learn more about real estate investment options connect with excellent real estate platforms today!

Things To Consider Before Proceeding With Cebu Real Estate

Published Date : January 18, 2022

The city of Cebu is growing. This growth is significant as the industrial development, increasing employment rates, international trades, and the rich dynamic of tourism. Many people worldwide come to the Philippines to settle in their beautiful cities like Cebu. If you are among the population of investors who want to invest with Cebu’s real estate, you are at the right place.

In this country, buying a house represents more than just property acquisition; it is an indicator of success. So, before investing in Cebu real estate, you should consider these things:

About the Developer

The developer’s prominence is a factor when considering investing in properties. Deep research about the developer and their related projects is a must. There are many incidents when a project has been left in the middle of insufficient balance. Aside from developers’ work history, also learn about their reputation in the real estate market.

Finances

Having savings prepared is excellent, but you need to be ready with the required documents and other mortgage formalities when considering a loan. If you are applying for a loan at a bank, you need to approve it in time. Otherwise, there is no point in finalizing a property deal and not making payments.

Make sure you are clear on your finances and budget before moving ahead. Take out some time to figure out the allocation of your funds.

Growth of the Property

Location, demographics, amenities, and weather conditions also play a vital role in the growth of the property. Everyone wants a significant increase in their investment, and the safety of returns is their top priority.

Cebu is a city that falls in tropical weather, so rainfall is experienced in most parts of the year. Be careful about the location you choose; you don’t want to end up in a place prone to flood or built-in earthquake lines. Find a reliable real estate agent to deal with such concerns and get the best property deal.

Know About the City

If the goal is to settle in the city, you should learn more about their culture and lifestyle. However, the cities of the Philippines are very vibrant, so you will find a mix of cultures there, making it easy for you to blend in. Filipinos are friendly, so you can learn about their traditions by asking them.

No matter how much you research, you will learn only when you invest and gain experience. Make diligent decisions and do detailed research about every aspect you will be dealing with. If you want to inquire about Cebu’s real estate properties, click here!