Real estate is an investment sector that most people can access. All it takes is a good financial situation, a bank loan and real estate education.
Almost anyone can become a real estate annuitant and take full advantage of their wise investments. Whether you are a student, an employee or a company director, you can invest. Under these conditions, no more full time job and welcome financial independence! Are you still among those who think that only hard work can make you financially independent?
Table of Contents
- What to buy to become financially independent with real estate
- The work in a property to be restored
What to buy to become financially independent with real estate
To gain financial independence, you should invest preferably in small areas. You can also opt for properties in poor condition that require renovation work.
The investment in small surfaces
Consider investing in small areas and in large cities with good profitability such as Bordeaux, Lille and Nice. The properties to target are the studios that are not worth more than 60,000 euros. You may be thinking that it would be very difficult to find a property at this price.
You should know that the trick is to make divisions. For example, you can make a purchase at 120,000 euros, but with two studios at 60,000 euros. So keep in mind that there is no real strategy to apply with your eyes closed to find the right deal. From now on, think about buying a normal apartment and dividing it in two to make two studios!
Investing in a property to be renovated
Buying properties in poor condition for renovation is another promising investment. So don’t hesitate to buy properties in poor condition to renovate before putting them back on the market. Once the property is acquired, you will only need to hire a construction company to restore it, before placing it on the market.
This method allows you to lower the purchase price of the apartment or building and increase your profitability when you receive the rent. Thus, the higher the profitability of your property, the more likely you are to become financially independent with real estate.
Furnished rental, as well as unfurnished rental, is recommended to make your investment profitable. In this respect, you can opt for short-term rental as well as for long-term rental.
The work in a property to be restored
One of the best options to become financially independent with real estate is to acquire a property in poor condition and then restore it.
But who to entrust with the realization of the work to bring added value to your acquisition? We advise you to turn to a general works company, that is to say one that can provide you with all the professionals you need.
Use of a construction company
If you have the opportunity, don’t hire providers separately. Instead, use a construction company.
This way, you can be sure that the different professionals are used to working together.
You can set a deadline, have them sign a contract and formalize everything. This is an excellent way to avoid cold sweats and to be sure that the work will be completed on time.
In addition, you will only have contact with one provider. You will avoid getting lost in the follow-up of your work.
Choose a company with strong recommendations
Nous vous conseillons par ailleurs de ne porter votre choix que sur une entreprise recommandée. Adressez-vous donc à vos proches et à vos amis. N’hésitez pas à aller rendre visite à des personnes ayant fait récemment des travaux et à leur demander de vous recommander une entreprise sérieuse, dont ils ont été satisfaits.
En effet, pour devenir indépendant financièrement avec l’immobilier, les travaux sont une étape primordiale. Il est donc essentiel de trouver le bon prestataire.
Notez que faute de recommandation, vous pouvez également chercher à vérifier les chantiers déjà réalisés par l’entreprise. En y jetant un coup d’œil, vous vous ferez alors vous-même une idée de son professionnalisme et pourrez rapidement décider si vous allez lui accorder votre confiance.