NEARLY HALF OF MILLENNIALS (46%) ARE BUYING A HOME BECAUSE IT’S A GOOD INVESTMENT.
Source: Real Estate Witch 2022 Millennial Home Buyer Survey, November 2021
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GOBankingRates surveyed 1,000 Americans aged 18 through 24 in 2021. 19% of respondents indicated they are investing in real estate, making it the second-most popular asset class behind stocks, and just ahead of cryptocurrency.
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In 2007, around two-thirds of investors were primarily focused on the stock market. That number has fallen to 50%, with many Millennials choosing to invest in real estate instead.
Source: RealWealth |
TIPS FOR INVESTING IN
REAL ESTATE AS A MILLENNIAL
HAVE A
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TAKE TIME
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CHOOSE
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You need to make sure you are doing it for the right reasons.
Asking yourself why you want to dive in REI is a great start. |
Real estate investing can be daunting for beginners but it is important to know what you are doing. Research is a crucial part in investing and the success of your investment depends on it. Consider joining REI Groups such as the PDX REI Group to help expand your knowledge on REI.
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Choosing the right markets for your real estate investments can make or break your success.
Single-family properties would be a great market to consider if you'd prefer to start small but if you want to generate massive cash flow and grow your portfolio, multi-family properties could be your best option. |