In any case, if you wish to try your hand at what could potentially be a lucrative business without purchasing or acquiring property just yet (whether that may be in the booming Cebu real estate market or elsewhere) here are some of the ways you can do that:
1. Invest in real estate company
Why spend money on property just to invest when you can simply buy stocks from a real estate focused company? Today, some companies are centered on building houses, office spaces or malls which they would then rent or resell for profit. Investing in these companies would mean earning dividends from the they will inevitably make.
2. Invest in Online Real Estate Funds
Today, the internet has become a ubiquitous presence in almost every household. Real estate marketers have taken advantage of this and have exploited it to its fullest potential by providing potential investors with an avenue to invest their money in real estate solely through the internet. In this regard, you would not have to avail of the services of a broker nor pay manager fees, so long as you are a qualified investor. Quite nifty, and you seldom have to leave the comforts of your home while your money multiplies itself.
3. Invest in Home Building
Real estate investments do not solely lie on buying and building property. Some industries have focused their endeavors in operations that are exclusively for real estate only. This means that they are affected by any factor that might influence the real estate industry. If you lack the funds to buy property, simply start a home building business where you either focus on developing your skills in being a building contractor or simply sell or rent supplies to building contractors. You do not need a significant capital investment to start out for this endeavor and yet you can expect it to still be very profitable.
4. Join Airbnb
Signing up for Airbnb and renting out spare rooms in your homes would be an excellent start in your venture towards becoming a real estate investor. Airbnb is a startup that gives its users the avenue to rent out unused properties or even rooms to tourists and visitors who happen to be in their city. It charges a small fee and can really be a lucrative venture if your properties are situated in premier areas. Airbnb is an excellent alternative for tourists who wish to avoid paying exorbitant hotel fees or simply want to meet locals by sharing a flat with them. Moreover, it is an excellent way for you to create revenue through real estate without buying or acquiring property—provided you have space in your condo cebu you can rent out to guests.
5. Represent Home Buyers
Every day, you can always count on somebody to be looking for houses. Your goal now would be to find these people. If you wish to make good money off real estate, you can do this by earning commissions from helping prospective home buyers search for properties to own or rent. Similarly, you can also represent home sellers and instead of helping them find homes, you would aid them by finding them buyers or tenants who wish to acquire or rent the property from them.
Last update: 16. December
In his 1972 book, Steps to an Ecology of Mind, anthropologist Gregory Bateson coined the phrase “a difference that makes a difference”…
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Dan Denning, Bill Bonner's Diary