Real estate investment is hotter than ever. People are seeing real profits from their investments when done correctly. In our latest post, we will discuss new ways people are investing in Metro Detroit!
Real Estate investment doesn’t have to be so simple as buying a house and renting it out. There are many unique niches you can explore until you find the path that is right for you.
Working With A Pro
As an investor, you will likely become buried in market news, financial analysis, and local real estate trends. When you work with a professional home seller such as Pinnell Enterprises, LLC, you will save yourself time and money by having all of the dirty work done for you. We handle the financial analysis of each property and will provide you with the data you need to make smart investment decisions. Imagine, getting the market knowledge and expertise without having to pay any real estate commissions!
Crowdfunding is for more than just projects on Kickstarted. People are Crowdfunding real estate project, at a very high rate. Real estate is crowdfunded more than any other type of project. It has mass appeal because it hits all price points. You can invest as little as $5,000 into a real estate project, and still see solid returns. Crowdfunded investments are typically held for a period of 1-5 years, so make sure you are comfortable with your cash being tied up in an investment for the period of time required.
Land investment is on the rise. We aren’t talking about the old “Florida Swampland” scheme, but rather great lots with the potential to attract many buyers and developers. Before you begin investing in land, learn about local building restrictions and zoning ordinances. You don’t want to find yourself stuck with a piece of raw land that you aren’t able to develop.
More than ever, people are looking to work, live, shop and eat all in one area. Mixed-use properties are very popular across the country and are popping up more and more in smaller cities. Being able to walk to get what you need has more appeal each day. People are tired of commutes, and with more people freelancing, having office type amenities in a big perk.
Using Real Estate To Pay For School
People of all ages are using profits from real estate investment as a way to pay for school. College is expensive. By investing in lucrative real estate, people are paying their tuition using the profits they make each month. In many cases, people choose a multi-family property to live-in, while renting out the other units to pay their expenses.
A New Generation of Buyers
With more and more millennials getting into real estate, the investment landscape is changing. While this generation now had families of their own, they aren’t looking for the same suburbia of yesteryear. Millennials are looking for the whole package. They want to live in a family-orientated area, that offers cultural, entertainment and dining options.
Buyers and renters today are looking for something unique. Something special about the property to make it stand out from the rest. Whether this is a garden on the roof, a sauna in the bathroom or Alexa keeping an eye on things, people are embracing small touches that can seem ultra luxurious. If you can find a way to incorporate amazing amenities into a small space, you will have likely struck gold.
Pinnell Enterprises, LLC can help you learn more about the new ways people are investing in Metro Detroit! whether you want to buy and hold, flip, or find a rental, our services can help you!