Turn Creative Real Estate Projects Into Limitless Profit Potential
Types of Creative Real Estate Strategies
One popular strategy is house flipping, where investors purchase properties at a lower cost, renovate them, and sell them at a profit. This method requires keen market insight and a good understanding of renovation costs. According to the National Association of Realtors, flipped homes accounted for 5.9% of all home sales in the U.S. in 2022, showing a steady rise in popularity1.
Another approach is short-term rentals, which have surged with platforms like Airbnb. This model allows property owners to earn higher rental income compared to traditional leases. According to AirDNA, the average Airbnb host in the U.S. earned $13,800 in 2022, a figure that continues to grow as the demand for unique lodging experiences increases2.
Lease options, where you lease a property with the option to buy, provide a low-risk entry into real estate investment. This strategy is beneficial for those looking to lock in a purchase price while building equity over time.