As an increasing number of individuals uncover the advantages of real estate investment, you might consider adopting a more creative approach in your investment choices. In our recent posts, we will explore several unconventional real estate investment ideas to set you apart from the crowd!
Join a REIT
A Real Estate Investment Trust, or REIT, provides investors with a hands-off approach to real estate investment. REITs own income-generating properties and distribute at least 90% of their profits to shareholders. These trusts cover a diverse portfolio of commercial properties, including retail centers, apartment buildings, hospitals, warehouses, hotels, and more. Investing in a REIT offers an avenue to participate in the real estate market without the necessity for direct property management, making it a convenient option for those seeking exposure to real estate without the hands-on responsibilities.
Invest In Vacation Rentals
People are making amazing profits by investing in vacation properties. With sites like Air BnB, more and more people are staying in a house when they go on vacation than ever before. Many times it will only take a few days to see the same profits you would see in a month with a standard rental. When you own a vacation rental, you can rent it out when it is convenient for you, keep it empty when needed and even use the property yourself.
REO’s, Foreclosures and Short Sales
Acquiring a short sale, Real Estate Owned (REO), or foreclosed property presents an opportunity to secure houses at a discounted rate. However, caution is crucial when purchasing a distressed property to avoid taking on more than you can manage. Many of these properties may not be well-maintained, potentially leading to significant renovation expenses. Despite this, motivated sellers often accompany short sales and bank-owned properties. With careful research and preparation for competition, you can unearth properties that have been well cared for, turning these opportunities into valuable deals.
Tax Liens
Buying tax liens has always been a popular choice and an interesting niche for investors to explore. Tax liens are sold to the highest bidder at auction. The winning bidder has the right to collect the taxes owed, plus interest. If the homeowner is unable to pay, the lien holder has the right to foreclose on the property. Typically the taxes are repaid, however, there is money to be made on the interest which is very appealing to many investors.
Buy A Rent To Own Property
Purchase the property and subsequently resell it through a rent-to-own arrangement. Over the long term, you can collect your asking price along with additional gains. The buyer provides a down payment to cover short-term gains, and you receive an above-average “rent payment” each month. In the event of a default by the prospective buyer, you have the option to foreclose, reclaiming the property and retaining the money paid by the tenant.
Land Investments
Land has always been a safe bet when it comes to investing. Many people are taking advantage of this stability and adding land to help diversify their portfolio. Land is low maintenance and has an array of ways to make money. You can rent it out, develop it yourself or hold and sell when it is in demand. Land is simple to manage and a great addition to any portfolio.
Get Some Help
Identifying a niche that aligns with your goals may require some effort. At [Your Company], we specialize in securing remarkable deals for both buyers and sellers. We welcome the chance to assist you with your investment requirements! Discover how collaborating with a property seller can streamline your investment process, saving you both time and money in the vibrant market of Fort Myers, FLORIDA!