Different Ways To Create Passive income, Dallas In Real Estate
Self-storage facilities:
Self-storage
facilities continue to be very much in demand and can be found almost
anywhere in the U.S. All facility costs and vacancies can be spread across many
units, equating to a relatively low per-unit cost.
Mobile
home parks:
Mobile homes offer an
attractive housing option for residents under economic stress, or in markets
where housing prices have skyrocketed. Investors who own a mobile home park
typically own the land, while collecting rents from residents who choose to
locate their mobile home on the property.
Land lots:
Investing in land in it
can be a unique niche, and can be used to improve or split up to be sold as
smaller lots. This strategy can be effective if the invest finds a plot of land
in an area that is up-and-coming or will soon be developed, and sells it for a
profit.
Vacation
rentals:
A property might pose as
a good short-term or vacation
rental candidate, especially in markets with a significant
transient population, as well as tourist attractions. Investors who own a
vacation rental can often charge more on a per-night basis, than they would
with a long-term tenant.
Tax
liens & deeds:
The government reserves
the right to seize a property when taxes go unpaid. Investors have the
opportunity to buy up tax lien properties at a significant discount, but should
only take action if they have a solid strategy in place.
Note investments:
Homebuyers have the
option of taking out a home loan in the form of a private note, instead of a
conventional loan. There is a large market
surrounding the buying and selling of these notes, some of which are
delinquent.
Investors can purchase
performing and non-performing notes from other owners at a discount.
Hard
money lending:
Investors who have
sufficient liquidity can consider privately lending money to help other
individuals purchase property, who promise to pay back the principal at a high
interest rate.
Property
rehabs:
Fixing and flipping
properties requires a more active role in real
estate investing, but can be quite lucrative.
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