Pros:Becoming a landlord and owning a long-term rental property (or several) is one of the most common ways to invest in physical real estate. Some people pay cash for their rental properties, while others use leverage to take on more risk with financing and property management.
Pros:Flipping houses is a great way to get started in real estate investing if you have cash on hand. Fixer-uppers provide investors with the ability to purchase properties in neighborhoods that might otherwise be out of their price range because the home is in need of repair.
Cons:Flipping a fixer-upper is a big responsibility and will require a lot of time, money and effort. The process is very intensive, and you will be involved in everything from choosing paint colors to making major repairs.