No matter how you begin investing, the important thing is that you do. Of course, the earlier you get started, the more wealth and passive income you can create, but it’s never too late to begin planning for a golden retirement. Whatever you do, don’t hesitate too long; far too many would-be investors have never made their first investment out of fear of making a costly error and suffer in their old age.
Investing in real estate now is something you’ll thank yourself for in the future as you check off your bucket list, living life on your terms through financial independence. In addition, real estate investors should consider the tax benefits from passive income after reaching retirement age. So read on as we explore five ways anyone can begin investing in Metro Detroit real estate. Please note that this article is for informational purposes, not financial or legal advice.
Borrow
You might think that investing with your own money is best way to invest, but many wealthy investors have borrowed from lenders, family or friends to begin investing in Metro Detroit real estate. If you need help getting your financial ducks in a row sign up for a free 15 minute zoom consultation with Bill Pinnell at https://www.wildbillpinnell.com/to explore your options.
Bill will give tips to help you find the resources to begin investing.
Build a Team
Partnering with other investors is another way anyone can begin investing in Metro Detroit real estate. Networking with other industry professionals and building a team that functions with the mindset of an investor are what you need to get started investing in real estate.
Fix and Flip
One way anyone can begin investing in Metro Detroit real estate is by fixing property and then flipping it for a fast influx of cash to boost your real estate investment business. Then, using 1031 exchange laws, you can turn your profits into working capital to grow your portfolio.
Need help running the calculations to ensure healthy returns on the after-repair value, ARV, sign up for a free 15 minute zoom consultation with Bill Pinnell at https://www.wildbillpinnell.com/to see if your numbers work.
BRRRR
The BRRRR method, buy, rehab, rent, refinance and repeat, is another way anyone can begin investing in Metro Detroit real estate. Professional investors like those at Pinnell Enterprises, LLC can help you perform your due diligence and ensure you are investing in property that will hold long-term value for the highest possible returns on the investment. The professional investors at Pinnell Enterprises, LLC know Metro Detroit and can help you find the best potential investment to earn the best returns when you begin investing in real estate.
Pinnell Enterprises, LLC
The best way anyone can begin investing in Metro Detroit real estate is by learning the ropes from a trusted guide and joining local REIA groups. At Pinnell Enterprises, LLC, our goal is to save investors time and money and make it easy for anyone to begin investing. Feel free to talk to one of the professional investors at Pinnell Enterprises, LLC about how you can begin investing, and ask any questions with no obligation; we are happy to help. Call Pinnell Enterprises, LLC at (734) 245-9654 or sign up for a free 15 minute zoom consultation with Bill Pinnell at https://www.wildbillpinnell.com/to explore your options.