Basic Costs: Buying, Renovating & Marketing

In addition to being a shift in mindset, Rent Estate is unique in several specific ways. First, when you think of making money from property, you probably think of flipping homes— buying cheap, betting on the market to rise, then selling fast. This can be a high-risk proposition. And for most people, it feels like a rich person’s game. That’s intimidating.

Rent Estate is for the everyman: easier to enter, easier to build, easier to maintain. With real estate, you often need a crystal ball to know how much profit you’ll make from a property flip. Rent Estate removes almost all the guesswork and uncertainty. Fact is, people have been making money on rental properties for years. And if you’re a homeowner, you’re already halfway there.

Let’s take a quick look at the pros and cons of Rent Estate versus real estate.

Basic Costs: Buying, Renovating & Marketing

If you’re investing in a property that’s separate from your personal property, you’ll need to put down about 15-25% of its value to buy it. Then you need to have enough cash for repairs so that you can get it up to housing code. Keep in mind that no one wants to live in a run-down shack (and if they do, you don’t want them as tenants), so maintaining a property’s interior and exterior is key.