If you’d like to buy an investment property to rent out but don’t want to be actively involved, you can do that through hiring a property manager or forming a partnership or syndication. If you don’t want to buy a property just yet but still want to get a flavor of the rental business, you can rent out a room in your house on short-term or long-term basis. If you don’t want to own and manage a property at all, try out real estate wholesaling, crowdfunding, or REITs.
If you plan to invest in a rental property, check out the 10 Best Places to Invest in Real Estate in 2020 (https://www.mashvisor.com/blog/10-best-places-to-invest-in-real-estate-2020/) as well as the 10 Best Places for Buying a Vacation Home in 2020 (https://www.mashvisor.com/blog/best-places-buying-a-vacation-home-2020/).
Also, remember that finding a property with a high potential for return and analyzing it carefully is crucially important for the success of your business. A tool such as the Property Finder (https://www.mashvisor.com/blog/property-finder-tool-mashvisor/) will help you find investment properties which match your criteria and offer high return in the markets of your choice. The rental property calculator (https://www.mashvisor.com/blog/rental-property-calculator-the-must-have-real-estate-investment-tool/) will do the real estate market analysis (https://www.mashvisor.com/blog/real-estate-market-analysis/) and investment property analysis (https://www.mashvisor.com/blog/how-to-investment-property-analysis/) for you to show you what cap rate (https://www.mashvisor.com/blog/what-is-a-good-cap-rate-rental-properties/) and cash on cash return (https://www.mashvisor.com/blog/what-good-cash-cash-return/) to expect.
If you’d like more tips and tricks on how to become a successful real estate investor, visit us at https://www.mashvisor.com/.