Real Estate has many facets in it. In fact, there are at least 5 major ways for you to profit from real estate deals – Buying and Selling (otherwise known as flipping), Rentals, Brokerage, REITF (Real Estate Investment Trust Fund) and becoming a Real Estate Agent. And the juiciest of all these are Rentals.
Rentals will give you one of the most powerful incomes in the world – passive income – for as long as you want. Flipping is a one-off business deal, you buy or build the property and you profit from the mark-up. Brokerage is where you act as an agency who works as the central processing unit of the whole real estate transactions – selling, documentation, titling, transfers, legals, taxes and all. REITF is the stock market version of real estate. And lastly, the fastest way is to become a real estate agent where more often you work for a real estate brokerage firm or a contractor. You don’t need any capitalization in becoming a real estate agent.
The above are just few cogs where you can try to mesh in. But there are still some bumps along the way about you.
If you are the type that doesn’t enjoy working with people and then taking landlord duties, then real estate or at least rentals might not be for you. If you can’t bear stress, do not take commercial properties and some other property that seems risky.