Investing in real estate is no joke. Whether the investor is an individual or a business, looking for properties to purchase involves major spending. However, the return on investment is also pretty lucrative, especially if you’re looking to either re-sell, have the property rented out, or convert it to residential spaces.
Here are a few important points to ponder as shared by experts in the real estate and finance industries for people and businesses looking to invest in real estate.
On down markets
Many rookie investors are hesitant to purchase anything, much less real estate, during a down market. However, veteran investors say otherwise. A down market is actually the best time to buy property since everything is cheaper, and there’s no way for the market to go but up.
Real estate investment trusts, or REITs are easy-to-use and great for younger investors who want to buy more affordable real estate and convert them into prime commercial properties. REITs are also very liquid, which is a huge plus.
On residential properties
For younger investors looking to learn the ins and outs of investing in real estate, investing in residential properties is as good a place to start as any. It’s not as complicated and still yields a huge payday, especially if the property is made into a number of apartments.