How You Can Make Money With Commercial Real Estate Investing
Commercial real estate investing can be extremely lucrative and can make you a lot more money than residential real estate. When it comes to commercial real estate, there are two ways to make money: flipping or renting. Renting out an apartment building can be a great investment because Millennials are currently more likely to rent than to buy homes. Here are a few reasons why:
Amenities: Millennials love the “free” perks that come with apartment buildings such as gyms, pools, courtyards, business centers, etc.
Convenience: Many Millennials are not ready to put in the work that goes into maintaining a home. Since they are often in college and/or working full time in order to jumpstart their career, they don’t have the time to make repairs, mow lawns, or make upgrades.
Community: Apartments offer Millennials a sense of community, especially in the city where there are coffee shops, bars, and restaurants within walking distance. This gives them opportunities to socialize with neighbors and other young people in the area.
Flexibility: Millennials often do not have the luxury of stable jobs so leasing gives them the freedom to move case of a layoff. In the event that they need to switch jobs or relocate, renting helps them keep their options open and gives them some peace of mind.
When it comes to Commercial real estate investing, hard money loans are a popular financing option. Today’s real estate markets of California are growing quickly and hard money loans are frequently used to finance investment property. What you want to look for when choosing a hard money lender is experience, communication, fast processing, adequate capital, and flexibility.
Now is as a great time to start and grow your real estate business. Contact the specialists at HML Investments today for more information about Hard Money Loans.