Investing in real estate investment is still a viable option, consider these few trends.
Construction of new homes is on the increase in the U.S. Although the Census Bureau reported that new home sales in January 2019 had dropped 6.9 percent as compared to the same period last year. The U.S. median property sales went down from $373,100 to $317,200.
It is clear that conditions are somewhat optimal. Given the current economy, high seller’s price, excessive supply, and fewer buyers which will eventually force the median sales price down, the best time to profit from real estate investment is now.
The years ahead will be the best ever for those who want to make a fortune in real estate. If you currently own a home, don’t be tempted to sell it off. However, if you are still on the fence observing, here are the primary reasons you should jump in now.
1. It can be a lucrative venture
After the current slowdown, the market is expected to appreciate more and more for the next three to five years. With the housing price projected to drop soon, the second quarter of this year will be the ideal time to plunge in and make your profit. The earlier you understand this fact and prepare yourself, the better you are securing your future in property investment.
2. There is enough available capital
Apart from borrowing from banks to finance your real estate deals, there are private lenders (and the numbers are increasing) willing to provide financing in exchange to part of the returns.
Still, many private lenders offer loans and low-interest mortgage financing provided you fulfill other conditions. A wise real estate investor can leverage the lower interest rates and build serious cash flow in this industry.
3. The process can be stress-free
These days, the process of investing in real estate is so easy that even the least tech-savvy person can manage it easily. With technology, the majority of the work takes a little time and energy to accomplish.
You have the option to contract out the business of managing your real estate to a reliable property manager, or you can handle it alone. Conversely, you can use apps and software to advertise your property, conduct property analysis, and even collect rent.
The wealth from real estate investment has the potential to transform lives, families, and even businesses. Whether you are coming on board for the first time, or you want to maximize your portfolio's earning capacity by outsourcing the management to a property company, it is time to take advantage of the real estate market.
Your real estate agent is likely familiar with local property management companies, so ask them for suggestions when it comes to whom you hire.
