What’s Hot? in Real Estate Investing 2021
By Bridget Lynch-White, REALTOR
Most Investors will tell other potential investors that residential, and rental units are the way to go, however a new trend that has been growing in popularity and where investors are finding great success, is building their commercial real estate portfolios as well as their residential to diversify and get a better ROI (Return on Investment) overall.
Although, commercial can mean anything from a restaurant to a strip mall, the real boom in investment is the storage facility. They don’t come around very often but buying and renting space for storage, is one of the best ways to earn passive income in real estate.
If as an investor you are interested in owning a storage facility and nothing currently built fits in your wheelhouse, I would suggest buying land and building on it as a potential investment idea. Of course, the land would need to be zoned appropriately and build to code those would be the basics required. But as far as I can see, there is always opportunity for growth.
Another popular up and comer is buying land for ”Tiny Homes”, similar to that of mobile home parks from the 1970’s ect, tiny home homeowners are always looking for the space to set their homes, and with city codes becoming more strict on parking a tiny home in a backyard, buying land and zoning for that purpose may also be a great way to earn on the land without any cost on maintaining an actual brick and mortar building. The zoning of course would have to be confirmed as allowed so be on your toes and investigate your local zoning laws for actual rules and regs to make sure you are following them to the letter.
If you don’t want the hassle of the up-keep of either a storage facility with multiple units or the responsibility of caring for hook-ups and land for tiny homes, the last buzz is buying a warehouse and renting the entire single space or offering interior space for storage of items like files or merchendise commonly stored in a standard storage facility or just renting land to store vehicles.
If your investing in the Indianapolis IN area, I can assist with any of these ideas in helping to find you the right space, if you are reading this and likeing the ideas presented but arent in Indianapolis IN, I can still help as I work with a network of agents world wide and 63,000 strong.
Don’t hesitate to reach out to me either by LinkedIn or firstname.lastname@example.org; “Achieving Real Estate Dreams by Implementing Real Solutions”.