Are you thinking of investing to make a bit of extra money on the side? With more first time buyers looking to get onto the property ladder every year, it may be that good old “bricks and mortar” is the best asset to invest in. Read More
So, what’s the best way to make extra money through property? Essentially, it boils down to two main options:
- Renting out – a great way to make your property work for you is to rent it out. The aim is to create a passive income, and in time, you could invest that extra money in building a property portfolio that will give you financial freedom and earn you a passive income into your retirement.
- Renovating and selling – often referred to as house flipping, renovating and selling is a high-effort method of property investment, but has the potential for the highest short-term returns for your investment. So, if you’re looking to build your portfolio quickly, with a range of short-term projects, and don’t want to take the chance of dealing with testing tenants, this could be the investment for you.
At Renovating For Profit, we run a range of online home improvement courses to help you make the most out of your investments by renovating your home to a high standard, while sticking to a budget.