My Smart Cousin

HOW TO LEARN REAL ESTATE CROWDFUNDING PLATFORMS FOR PASSIVE INCOME

Like other types of crowdfunding, real estate crowdfunding is another way to raise capital, but especially for real estate. So, what is crowdfunding? This is when many individual investors raise small amounts of money to invest or buy real estate with the aim of making a profit.    With crowdfunding platforms, individuals can easily find and invest in exciting real estate projects without having to worry about the size of their investments, secure assets, or for willing tenants. Real estate is becoming a popular way to raise capital among startups of the 19th century, creating an entirely new channel for capital to move through internal economic terms We’re here to help you make your money work for you. MY SMART COUSIN specializes in providing tailored solutions that will suit any aspect of owning investment property, from buying a house for the price of a car, something that is still entirely within the realm of the possible, to managing these properties once you own them. As an experienced Real Estate Investment Coach, we help you develop and implement a real estate investment strategy. We work with all clients and focus particularly on Black and Brown folks and women, providing advice that helps you build generational wealth. What is Real Estate Crowdfunding? Real estate crowdfunding is a modern financing mechanism that pools money from multiple investors to finance real estate. These meetings act as intermediaries, connecting investors with researched opportunities in commercial or residential real estate. By using this approach, even smaller investors can access high-value services without the hassle of asset management. Benefits of Real Estate Crowdfunding Platforms If the property is rented out, it can provide a steady income forever. The possibility of higher-than-expected returns due to increases in property values ​​(e.g., due to community development). Relatively stable prices with small changes in tangible asset values. Returns have little to do with national security, giving you the opportunity to continue diversifying your portfolio. It allows individuals to benefit from asset recovery without the hassles of managing assets themselves. It allows access to otherwise inaccessible investments such as the development of high-rise buildings and other large properties. Individuals can use the knowledge and expertise of key professionals instead of just research. Top real estate crowdfunding platform Fundrise: Known for its user-friendliness and accessibility, Fundrise allows investors to start with as little as $10. CrowdStreet: Ideally suited for accredited investors, CrowdStreet offers an attractive range of commercial real estate services. RealtyMogul: Provides access to RealtyMogul REITs and private placements with diversified focus. Roofstock: Perfect for those interested in single-family rentals, Roofstock simplifies the buying process. How To Start Real Estate Crowdfunding Define your financial goals: Be clear on financial goals. Are you looking for a steady income, capital appreciation, or both? Research meetings: Each platform specializes in different types of investment. Compare their offerings, fees, and minimum investment requirements to find one that matches your goals. Understand the risks: Crowdfunding platforms vet projects, and investing in real estate comes with risk. Be prepared for possible delays, vacancies, or market downturns. Start small: Start with small investments to get the business up and running before you get bigger. Important things to look for in a crowdfunding platform Accessibility Choose platforms with minimal investment and intuitive interfaces. Transparency Look at the details of the project, including projected outcomes and associated risks. Customer Support Choose platforms with dedicated support teams to solve your problems quickly. Maximizing profits through real estate crowdfunding Reinvestment of income: Increase your profitability by reinvesting your money in other businesses. Stay varied: Spread your investments across geographies, assets and businesses to mitigate risks. Monitor market trends: Stay informed on real estate market trends to identify high-growth areas and investment opportunities. Frequently asked questions What are the returns like? Returns vary depending on the platform and project but generally range from 6% to 12% per annum. Do I have to be a certified investor? Some platforms require accreditation, while others, such as Fundrise, welcome unaccredited investors. Is real estate crowdfunding safe? While platforms mitigate risks through thorough research, no currency is completely risk-free. Diversity and careful research are key. SUMMARY Real estate crowdfunding platforms offer a unique way to build passive income and diversify your investment portfolio without the need for significant capital or active management. By choosing the right platform, diversifying your investments and staying informed, you can unlock consistent returns and enjoy the benefits of investing in real estate. YOU CAN ALSO READ: MASTERING THE ART OF SHORT-TERM RENTALS: A COMPREHENSIVE GUIDE FOR BEGINNERS FOLLOW US: @MYSMARTCOUSIN

ARE MANUFACTURED HOMES A GOOD INVESTMENT IN 2023?

FINAL THOUGHTS So, are manufactured homes a good investment? The answer to that question depends on your personal circumstances and preferences. But with all the new features and benefits available now, it’s definitely worth considering if you’re in the market for a new home. And as more and more people are choosing them over traditional housing options, it seems likely that the market for manufactured homes will only continue to grow in years to come. If you’re ready to invest, we can help you find the perfect home for you. Give us a call today! YOU CAN ALSO READ: WHAT IS A DUPLEX AND SHOULD YOU INVEST IN ONE?FOLLOW US: @MYSMARTCOUSIN

ARE NEW CONSTRUCTION RENTAL PROPERTIES A GOOD INVESTMENT OPPORTUNITY?

Are new construction rental properties a good investment opportunity? That’s a question that many people are asking these days. The answer, of course, depends on a variety of factors. But in general, buying and renting newly-built properties can be a great investment, if you do your homework and plan accordingly. The Real Estate Investment Coaches at MY SMART COUSIN are here to help you make your investment in new construction a success. At MY SMART COUSIN, we have the skills and expertise that can position aspiring homeowners and investors, and especially Black and Brown folks and women, to succeed in this competitive market and score one of the most elusive of all finds, a house for the price of a car. New investors will benefit from working with us and our approach of developing a customized plan, tailored just for you.   If you’re like most people, you’ve been giving some thought for a while to investing in rental properties. And if you’re considering new construction properties, you may be wondering how they compare to investing in existing real estate stock. In this blog post, we’ll take a look at some of the pros and cons of purchasing new construction rentals. We’ll also help you decide if this type of investment is right for you. So, let’s get started! WHAT ARE NEW CONSTRUCTION RENTAL PROPERTIES AND HOW DO THEY WORK? New construction rental properties can be a great option for marketing to those tenants who are looking for a brand new place to live with all the bells and whistles, and a price to match. Often, these rentals come with amenities ranging from a dog park, to exercise and meditation areas, to on-site childcare and recreation facilities. Since the units are newly-built and often outfitted with high-end appliances and fixtures, there are usually no maintenance issues for you to address in the first couple of years. But how do new construction rentals work? Typically, when you buy a new construction unit, you’ll lease it to a tenant for a set period, usually one to two years. At the end of the lease period, you’ll decide if you’ll offer the tenant any incentives to renew, such as one month free, or a 30-60 days deferral on when rent increases will take place. The amount and type of incentives you offer will depend on what’s being offered in the market, as well as how much or how little rental inventory is available in the building and surrounding area. Many new construction rental properties offer flexible leasing options, so as the landlord of a condo that you’ve purchased and are leasing to a tenant, you can determine if you would like to offer a lease that’s less cookie cutter, perhaps 15 months, if this works best for a great tenant who needs to move due to a work relocation, for instance. WHAT ARE THE BENEFITS OF BUYING A NEW CONSTRUCTION PROPERTY TO RENT VERSUS AN OLDER PROPERTY? There are a few key benefits that new construction rental properties have over older ones. ·   First, newer buildings are built to present-day code requirements, which are often stricter than those in years past. This means that such buildings are typically safer and more structurally sound than older properties. ·   Additionally, newer buildings often have better energy efficiency ratings, due to efficient heating and cooling systems, insulated windows and doors, and the like, which can save tenants money on their utility bills as well as meet the objectives of tenants who are seeking a green-energy/low-carbon home. Newer buildings might also have faster and more wide-ranging broadband services, allowing for a better technology-enabled living experience. ·   Finally, new construction rental properties usually have a modern and sleek aesthetic, which can be attractive to high-paying renters. All of these factors make new construction rental properties a great option for landlords and tenants alike. ARE THERE ANY DRAWBACKS TO INVESTING IN NEW CONSTRUCTION RENTALS? There are a few potential downsides to investing in new construction rentals. ·   One is that the property might come with high maintenance fees to pay for high-cost and more expansive common areas, on-site pool, and tennis facilities, for instance. One way to offset these costs is to seek out properties that were built with tax credits, and offer savings on property taxes or other rebates. ·   Another downside is that new construction can have a lower charm factor due to few historical architectural features, ruling out some tenants who might otherwise be interested. · New properties often cost more per square foot than older properties, leading to a lower return on investment and a longer breakeven timeframe. ·   Additionally, new construction can be subject to unexpected construction delays, leading them to take longer to complete than a property that simply needs a few finishing touches to upgrade it. Construction delays can lead to unforeseen higher costs in addition to delaying when you start earning rental income. Ultimately, whether investing in new construction is right for you depends on your target rental market and goals. WHAT IS THE BEST WAY TO FIND NEW CONSTRUCTION RENTAL PROPERTIES IN YOUR AREA? There are a few ways you can go about finding new construction rental properties in your area. ·   One option is to drive around and look for signs advertising new developments. Dial into county zoning meetings and look for infrastructural projects such as new roads or sewer improvements as an early indicator of planned developments. ·   Another option is to search online listings or contact a real estate agent who specializes in new construction. When searching online, you can use keywords like “new construction” or “new developments” to help you find relevant listings. ·   Once you’ve found a few potential properties, you can then contact the property manager to schedule a showing. ·   Finally, when touring the property, be sure to ask questions about what a property like this would rent for, whether there are