Michael Eisenga Comments on What It Takes to Become a Passive Real Estate Investor
Commercial real estate investor Michael Eisenga explains what a passive real estate investor is and what it takes to become one.
COLUMBUS, WISCONSIN, UNITED STATES, Jul 12, 2021 /EINPresswire.com/ – Michael Eisenga is a successful businessman who has invested in commercial real estate and considers finding and improving profitable investments one of his passions. During his recent investment hunt, Eisenga says he has turned his attention to promoting development in smaller communities by supporting housing facilities.
When deciding to invest in real estate, Eisenga points out that interested people should consider what type of investor they want to be, for example an active or passive real estate investor. Active real estate investments are when the investor is actively involved in the maintenance and management of the property. An active real estate investor rents a property and manages the rent and tenants, maintenance and the property as a whole. A passive real estate investor is primarily indifferent to anything but raising funds. The term passive is derived from passive income, which is used to describe automated income.
“There are many benefits to being a passive real estate investor, including the ability to build real wealth through passive income,” said Mike Eisenga.
Passive property investments are great for those looking to invest in the property market but may not have the time to manage a property. In fact, passive real estate investments require the least amount of experience, and this investment route reduces frustration while offering more liquidity and diversification.
There are two main methods of passive investing in real estate. With direct passive real estate investment, the investor buys part or all of the property in order to then rent it out. With this method, the investor is usually released by hiring a property management company. Indirect passive real estate investment is a person who invests money in a real estate-related mutual fund or REIT (Real Estate Investment Trust). An indirect passive real estate investor doesn’t have to worry about finding and hiring a management company as the method doesn’t involve a specific property.
There are several ways to become a passive real estate investor. An investor can get into passive real estate investing by investing in REITs, real estate funds, crowdfunding or considering a turnkey rental property. REITs are divided into three main types: equity REITs, mortgage REITs, and hybrid REITs. Depending on how stocks are bought and sold, REITs can be further broken down into these categories: publicly traded REITs, publicly non-traded REITs, and private REITs.
Further information on Michael Eisenga or passive real estate investments can be found on Eisenga’s personal website www.michaeleisenga.com.
About Michael Eisenga
Michael Eisenga is a successful commercial real estate investor with a banking and financial background and a former mayor of the city of Columbus. As President of American Lending Solutions, a mortgage lending company (founded and operated from 2000 to 2018) and First American Properties, he has a track record of starting and operating successful businesses. Mr. Eisenga is also dedicated to real estate development and construction, mainly serving smaller communities. Especially in senior housing.
Michael S. Eisenga
First American real estate
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July 12, 2021 at 6:14 pm GMT
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