Real estate can be a great investment because when you put your money in a bank, you make approximately 1% on the dollar, if you flip, wholesale or buy and hold, you can make anywhere from 3% - 16% on the dollar.
House Hacking –- This is where you buy a “as is” property that needs “TLC” and fix it up while you live there. You save on rent and make a healthy profit on the resale.
Residential Income Properties-- these are properties like Duplexes, Triplexes and Fourplexes. You live in one and rent out the other(s). Because you live in one, your property taxes stay at 1%. The rent you receive from the other units can sometimes pay the mortgage which means you live for free.
When buying is cheaper than renting -- In some areas, the rents are so high that you might as well look into a loan to see what you would qualify for. There are 0% down loans and 3% down loans and you only need to call a loan officer to find out what’s available.
