In real estate there are many streams of income in real estate investments.
Firstly, Never depend on single income. Make investments to create a second source. Warren Buffet.
It’s almost always a wise idea to have multiple streams of income in real estate investments in order to maximize your profits while spreading your risks.
Within the confines of real estate investing, there are different types of real estate stream to generate income.
First is to spread your real estate wealth and investments across several different types of real estate investments.
There are a few types that come immediately to mind. First there are rental properties. You have two options even with these. You can either choose to rent properties outright to families, students, singles, and the elderly in your town or you can offer a lease or rent to own situation for those who have struggled in the past but still have the dream of home ownership.
Another is a commercial properties across top cities duties within the country.
Some other options include:
- Buying small apartment buildings
- Investing in a partnership syndication that acquires commercial property
- Investing in college rooming houses
- Mobile home parks and mobile home paper
- Investing in Self-storage facilities
You should always be on the lookout for your next real estate investment if you really want to make good money in this business while having a little added security.
Rentals are passive income for the most part, especially if you have a solid property manager taking care of the details and the other investments are often icing on the cake.
The point is that, if you want to bring in money from different avenues, real estate investing is one of many different routes to explore when deciding on your investment future and establishing those multiple streams of income.