Owning a long-term rental is an effective way to build wealth.

Today, we’re sharing a few simple tips for building wealth through real estate. Everyone has a job to play in this industry, and our primary role is to assist people with buying, selling, and investing in properties. In addition, one aspect of our business involves fix-and-flips, but this approach doesn't contribute significantly to building wealth. 

What has truly worked for us in the long run, enabling us to lead fulfilling lives with our families, is long-term rentals. Through the commissions earned and profits from fix-and-flips, we have been able to acquire properties to invest in. Some of these have been converted into short-term rentals. Occasionally, our fix-and-flips don't sell for the expected price, leading us to keep them as long-term rentals. Surprisingly, this backup plan has proven fruitful, with properties appreciating and rental income being generated. It's remarkable to witness the results after accumulating long-term rentals over five to 10 years. 

“Working on long-term rentals is to secure a more comfortable future for ourselves and our families.”

While long-term rentals aren't entirely passive income, they come close. Also, the truth is that the day-to-day work we do to earn money is to secure a more comfortable future for ourselves and our families.

If you want to learn more about the process of investing in long-term rentals, our agents are well-versed in them. Feel free to have a conversation with our team, or you can call or email us directly. We’re more than happy to talk with you, so start your real estate journey today.