Top Apps for Real Estate Investing Without Buying Real Estate
The housing market is currently booming and is expected to continue to rise for some time. Much of this is thanks to the coronavirus pandemic, where many people fled the cities and moved into bigger homes in the suburbs.
If you’re looking to grow your wealth, one of the best ways to do that is through real estate investing. And if you diversify your portfolio and have multiple revenue streams, you’ll be able to protect your money.
But buying actual real estate can be complicated and costly. Thankfully, you can find investment apps that help you participate in the real estate market without buying any property. If you’d like to learn more, keep on reading and we’ll take you through everything that you’re going to want to know.
GROUNDFLOOR
With the GROUNDFLOOR app, you can invest in high-yield, short-term real estate debt. You can start investing with as little as ten dollars, and you don’t need to worry about paying investor fees.
Debt products tend to be less risky than other investments. Real estate debt is also known as notes and is a popular vehicle for passive investors.
Streitwise
Commercial real estate took a big hit during the coronavirus pandemic but is now making a major comeback. Investors who want to get into commercial real estate without buying physical properties should consider investing in REITs.
A REIT is a real estate investment trust. The trust invests in properties and investors invest in the REIT.
If you’re new to REITs and commercial real estate, you should consider investing with Streitwise. Make sure to learn more about REITs and other investment vehicles from reputable sources like Bogart Wealth (https://bogartwealth.com/income-producing-assets/).
Whether or not you’re an accredited investor, you can invest with Streitwise. You’ll pay a three percent fee for the first year and then two percent fees after for the following years.
CrowdStreet
If you’re an accredited investor looking to get into commercial real estate, then you should take a look at CrowdStreet. This app connects project developers with individual investors. The developers need to go through reference and background checks.
The funds are made up of a diverse portfolio of real estate projects.
Because only accredited investors can take part, you’ll need at least $25,000 to get started. With that said, different projects are going to come with different minimums.
The Importance of Knowing About the Top Apps for Real Estate Investing
As we can see, investing in real estate doesn’t just mean working with physical properties. These days, you can use apps for real estate investing without ever needing to actually deal with land, tenants, and buildings.
By adding even some real estate investments to your portfolio, you can diversify your wealth and generate more income too.
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