It doesn’t matter whether you are rich or poor; there’s no denying the fact that investing in real estate can be an incredibly fruitful decision for both your short term and long term financial future. Even if you’re undecided about investing in a commercial or residential property, just showing interest and thinking about how you can invest in real estate will lead to positive results. With modern-day tools such as the HappyNest app and other technological advances, there has never been a better time to get started in your journey of real estate investment. Still not convinced? Here are three simple benefits to getting involved in the world of real estate investing.
Real estate investments create passive income for non accredited investors
Have you ever been tired of working at the same job day in and day out? If you’re like most people, then the answer is “yes”. With monthly bills to pay and unexpected expenses, the majority of people can never seem to get ahead on their finances. Thankfully, it helps to know that there are many options a person can pursue on their path toward financial freedom, and real estate investing is perhaps the easiest and most lucrative among them.
Simply put, passive income refers to any income you receive NOT generated by your physical labor. Sure, it may take some time and effort upfront to establish your footing in the world of real estate investing, but once you are set up, the passive income from your efforts will pay off over time. Add in the ease of using a smartphone app such as HappyNest, which allows you to invest in real estate with just $10, then investing in real estate is a no brainer for anyone looking to create passive income for themselves or their family.
Real estate investing can help you reach your financial goals
Sometimes our financial goals seem nearly impossible to reach. At times, months and years can pass by without any real progress made to reach them. If you limit yourself to one source of income, then it’s quite unlikely that you’ll ever be able to graduate to higher levels of regular monthly income. That is why so many people have realized the life-changing power of real estate investing. When you apply the right mindset and willpower, real estate investing can help you reach your financial goals much faster and easier than you would with a traditional lifestyle.
Let’s think about a typical savings strategy. Say you save $500 per month in a traditional savings account; it will accrue interest at a low rate, 0.06% APY on average. On the flip side, say you were to take that same $500 and invest it into a commercial real estate portfolio using the HappyNest app. That same amount of money is projected to grow at a much quicker rate (HappyNest targets a 6% annual dividend). In this way, you can accelerate your timeline toward financial freedom.
With real estate investment apps, investing in real estate has never been easier
Roughly 84% who have invested in real estate indicated that they would make another real estate investment. Finally, you should know that there has never been a better time to start investing in real estate than right now. Not only do real estate investment apps allow you to get started with a small amount of money, but they make the investment process easy and convenient. When you choose to use an app like the HappyNest app, you are provided constant access to your investment portfolio and a range of tools that can help you make even better investment choices in the future.
It doesn’t matter whether you’re new to real estate investing or not; it’s clear to see that there are many benefits to getting started. Not sure how to begin? Contact us today for more information.