Renting it out
One of the best ways for you to start making money from the real estate property that you have is by renting it out. With that, you can ensure a continuous flow of monthly income as long as someone is willing to rent it. So, it is important for you to perform the necessary repairs and improvements so that you can rent it out at a high price. In addition to that, in case the property that you have can be turned into a commercial space, then you can rent it out to businesses as rents for businesses are generally higher. Nevertheless, you should choose a trusted business to rent your property to.
If you are looking for a short term investment in the real estate market. So, you need to start your search for undervalued homes that are in need of a renovation. Then, after the property has been renovated, then that would be the perfect time for you to sell it for a profit. You can also generate profit from flipping houses though price appreciation.
Buying low and selling high
You can also consider buying properties that are currently being sold under the market value. These made properties that are subject for quick ales and foreclosure. Now, after you have purchased it, you can then stage your property to make it look more appealing to your prospect buyers. That way, you can sell it at a higher price.