Building personal wealth is the key to living comfortably and retiring as early as possible, and one of the most effective ways to begin generating long-term income is to invest in real estate in Minnesota. The Antonov Group has compiled a list of our top 5 reasons to invest in Minnesota real estate, and is here to answer any of your questions and help you along the way!
- You don’t have to have lots of money to invest in real estate
Investing in real estate can range anywhere from finding a modest 1-bedroom home to acquiring a full commercial building. Part of what makes investing in real estate so lucrative is the overall accessibility! People from all backgrounds and financial situations can find appropriate starting points for their own investments. A broker like The Antonov Group can help you find your best fit, and as a buyer, there’s not cost to you, because the seller always pays both brokers in a transaction.
- Why pay for your own investment if you don’t need to?
You can rent out your real estate investment, and immediately begin generating income. Someone else is paying your mortgage, while you’re still benefiting from the long-term appreciation and building equity. Rental prices also rarely fluctuate with the housing market because leases are longer term than real estate trends. In addition, renters generally prefer private landlords as opposed to larger associations, which gives you an edge in finding a tenant.
- Don’t flip your lid, flip the house!
Adding any sort of improvement can instantly increase the value of your investment. Throwing on a fresh coat of paint and fixing squeaky hinges can make the property easier to show, and attract more offers, or you could go for a full-fledged flip. If you choose this route, you can create whatever type of property that fits the current market demand, and see a massive return on your real estate investment.
- A diverse portfolio is a happy portfolio
You don’t have to be a financial wiz to know the benefits of a well-rounded group of investments. Putting all of your eggs into one basket is a well-known cautionary idiom for good reason, and adding a real estate investment can help you ensure a stable asset in your portfolio!
- Real estate is the most sound investment, literally and figuratively
One of the most attractive aspects of Minnesota real estate investment is the actual solidity of the asset. Real estate is an investment that you can touch and feel, and you can even move into or out of your investment in the face of unexpected events.Real estate is also one of very few investments that you can pass on to your kids! In addition, unlike many types of investments, there will ALWAYS be a market for real estate, because no matter what, people need a place in which to live.
