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Real estate investment provides some of the best returns in the market, and it is also one of the most secure options available. Stocks will always fluctuate with the market and are prone to taking a dive at the slightest indication of trouble. By contrast, real estate investments provide a tangible asset, giving you far more control over their value.
Of course, there are benefits to investing in the stock market, but the relative stability of real estate offers an excellent way to balance your portfolio and protect your wealth. That’s why today, we’re sharing some unique ways to invest in real estate.
Get the Facts First
Our first tip isn’t technically a unique way to invest, but it is crucial to your success, so we’re leading with it. Before making any decisions, if you are not a trained professional yourself, it is vital that you speak with a property investment advisor. Your advisor will be able to assess your budget, walk you through your options, and help ensure that you get the best results possible. They’re certainly someone you want on your team.
Own a Serviced Office Complex
Now, onto the fun stuff. The first unique way that you can invest in real estate is to purchase a building and run it as a serviced office. You’ll be providing space for a collection of small businesses rather than a single enterprise, making this investment as profitable as it is unique.
If you’re not up for managing contracts and dealing with tenants, you can hand over the reins to a management company and still bring in a healthy profit. This makes it the perfect investment for those who want to support small businesses, no matter how much experience you have as a landlord.
Become a Flipper
If there’s one thing that renovation shows have highlighted, it’s that flipping property can be highly profitable. What they don’t point out, however, is that it is a form of real estate investment, albeit one with a much shorter term than a normal investment.
When considering flipping as an option, it is important to remember that on top of the initial price of the property and the cost of renovations, you’ll also be owed a significant time debt, so turning a profit isn’t as simple as just making more money than you put in.
This type of investment is best suited to those with some experience in construction who don’t mind getting their hands dirty. Doing most of the work yourself is a great way to boost your returns. However, anyone can give flipping a go as long the numbers work out once you’ve paid all your trades.
Invest in REITs
Finally, if you’re not ready to go all-in on real estate investments just yet (or if your property investment advisor suggests that it would be a bad idea for your current budget), REITs provide a great way to get into the market at a lower cost.
REITs (short for Real Estate Investment Trusts) allow stakeholders to quickly and easily build a diversified property portfolio as you’re not buying entire buildings. Instead, you’re buying a share in each property managed by the trust.
It is important to note that REITs do carry higher risks than more conventional real estate investments. They are vulnerable to many of the same issues one would expect to face with stock market investments because you do not physically own the property.
Have a unique real estate investment story of your own? Share it in the comments!
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