Work from home but invest nationwide.
Real estate investments shouldn’t be limited to where you physically reside as you may be missing out on some of the hottest markets in the country. The Roofstock experts fully agree and have made it their business to make buying and selling real estate a breeze while pushing physical boundaries to get into the lucrative business.
Roofstock is a company that enables individuals to invest in real estate, be it buying or selling, primarily with a focus on single family homes and smaller, manageable properties. First, search the marketplace for a property across the country that we can help you with right away. Then buy the offer in cash or through financing in order to receive the title in your name. Finally, consider teaming up with a certified property manager to handle day-to-day chores like maintenance and rental. The latter is particularly useful for out-of-state purchases in whatever booming markets you discover.
“Our platform enables everyone from first-time investors to global asset managers to value, buy and own residential real estate from anywhere in the world with confidence,” the company founded in 2015 explained on its website. “Since launch, we’ve exceeded $ 3 billion in transactions and will continue to revolutionize the industry with cutting-edge technology and innovation.”
Where are the best markets to invest right now?
Now for the fun part: start your journey as a real estate investor by selecting an area to invest in. Because Roofstock’s market map is so extensive it can be difficult to narrow down a location to operate, especially now that you don’t need to physically live in that area to invest. Fortunately for you, we brought in some experts from some of the leading real estate companies like Keller Williams and RE / MAX to help you plan your future investments.
Seth Levin, Associate Real Estate Agent at Keller Williams NYC, wants you to put the map aside for a moment and take a look at your taxes to find the best places to invest in real estate.
“Right now, a lot of money is flowing into the states that have seen a lot of emigration from countries with higher taxes,” Levin told The Post. “States like Texas and Florida are booming and prices have skyrocketed while demand far exceeds supply. While this is fantastic in the short term, there is a good chance that property values will return to earth if inventories loosen and temporary population shifts due to the pandemic return to normal. Other hot areas are North Carolina, Idaho and Arizona. “
While the past year has been an unprecedented one with a rocky real estate history due to the pandemic, it is also wise to look at the statistics from year to year. That’s what the professionals at RE / MAX do by posting their annual report online to help others make real estate decisions through 2022 and beyond.
“Of the 53 metropolitan areas examined in May 2021, the average total number of home sales decreased by 0.2% compared to April 2021 and increased by 53.4% compared to May 2020. Led the percent increase in year-over-year sales by Detroit, Michigan at + 136.6%, San Francisco, CA at +135.7%, and Miami, FL at + 131.8%, ”according to the RE / MAX National Housing Report for May 2021.
Where should I invest specifically in my chosen state?
Once you’ve settled on a general area, you need to make a little more decisions when it comes to choosing property, be it in a booming city or a quietly growing suburb, and you know how to handle the ups and downs of the city The market and the migration patterns of the people living in the region are crucial.
“The best way to see which areas are best for investing is by looking at the percentage of the location that owns or leases real estate,” suggests Levin. “Looking at vacancy rates is another great way to see how a particular market is performing. From a future appreciation perspective, too, it makes sense to see whether a market is undervalued due to a temporary situation. Manhattan would be a prime example of a performing area negatively impacted by temporary events. Other urban markets like Los Angeles, San Francisco, Seattle, Minneapolis, and Chicago have suffered a portion of their condominium inventory in the short term. Most of these areas have already seen this turnaround, but much more appreciation is yet to come. “
While remote investing is a tipping point for those who don’t want to move somewhere to manage their real estate, experts recommend getting a few boots on the ground during the location scouting process to get a feel for the local area before they get involved.
“There is no alternative to kicking tires,” said Kobi Lahav, senior managing director and sales director of customer referral company Living NY. “Go into the neighborhood, talk to people, sit down in a café. Get a feel for who lives there. Young families are always a good sign, as are new trendy coffee shops. There are also certain constants that never change and always make the market around them boom. Universities are one such constant. Always look around for good universities, first class, not second class schools, and that is always a sign of high demand. “
Of course, nobody expects you to do this alone. If you wish, Roofstock will provide you with an experienced property manager for everyday life and all experts agree that a strong team of advisors is a must, no matter where you invest.
At the end of the day you invest, it becomes a part of your life so you might as well pick a place that you are passionate about. After all, if you love what you do, you won’t work a day in your life, will you?
“Find where you love,” said Daniel Blatman, associate broker at Triplemint, a New York real estate agency. “They say that if you invest in companies that you use and love, you can’t go wrong. I’ve also noticed that with real estate. ”