With the right project, real estate is a lucrative opportunity. In the short-term, it provides a steady source of cash flow and a means to boost your monthly income. This process is passive and requires little to no effort to earn or maintain.
Property often rises in value over time and can lead to great returns. In the long-term, it can offer financial security and a growth in profits. A return can be in the form of rental income from tenants, capital appreciation once the property is sold, or a combination of the two.
Serviced accommodation and HMOs, or house in multiple occupation, both have the potential to produce higher rental yields when compared to traditional buy-to-let properties. Commercial buildings, when split into apartments, offer a steady stream of income and capital growth opportunities.
Building a portfolio can help to create a stable foundation and protect you in times of economic turmoil. Real estate is likely to increase in value, shielding you from losses experienced elsewhere.
