Real Estate Investments for Students
So you want to start investing while still at the university. You want to start early. That’s a really good mindset given not really a lot of young people thinks about it (for a good reason) given the challenges that life could pose for students in general. So you choose real estate, good choice. Here we’ll give you some tips on how to invest in real estate while still in college.
Whether you’re just testing the waters, just curious or really serious about it you have some neat options to choose from. It will not be easy but it’s going to be worth it. Here are some opportunities.
Real Estate investments trusts (REITs)
A lot of reasons why younger people are discouraged to even start investing especially in real estate is the needed capital for it (not even considering the follow through here). So most don’t even consider doing it. So what if I tell you that you can invest in real estate for as low as $500? Got your attention right?
Yes, that’s what REITs are here for. What they do is that they get funds from shareholders (that’d be you) and pool it like a mutual fund and in turn invest it to buy the property. This way your money will grow, which is the goal in the first place.
Pretty straightforward, what you basically do is find properties whose owners are actively or willing to sell them. Put it under a contract and sell it for a profit. May sound easy but it isn’t. You need to invest serious time to learn how to do this trade while you build your tiny little real estate empire.
Be a landlord
Wait you can do this? Yes, you can. Buy a property and rent out some space. You’ll almost never run out of occupants in the right places. You get to earn and you get to hone your management skills which will prove valuable later on. But remember you’re gonna need a bigger capital for this.
Take your time
Take your time, Real Estate Investments for beginners can be exciting and all but you’re still young. Learn, relearn, unlearn things about real estate while you’re at it. Information nowadays is virtually anywhere, read books, blogs, and ask for professional advice. You know what they say “be quick but don’t be in a hurry”. You already have the mindset, you searched for this article in the first place. Hone your skills and keep ongoing