For years, investors have looked to real estate for certain returns on their investments. With rising real estate prices, investors are looking for ready-made alternative options. These six unique investments offer new ideas for investors who want to diversify their portfolios while staying inside the real estate market.
Farm to table has never been so green. Farmland offers several investment opportunities, such as renting land to farmers, holding land to sell at a higher price, or growing crops for profit.
Farmland will only increase in value because it is a limited asset. It offers stability (everyone needs to eat) and hedges against inflation. If you want to reap what you sow, you can look to farmland REITs, research mutual funds, or consider investing in farmland with Farmfolio, a company that allows investors to own farmland more directly. hassle-free.
The virgin land has not been used for residential or commercial purposes. It is undeveloped and gave no financial benefit to previous owners. If you are buying virgin land, you have a few choices for making a profit. You can sit on the property and sell it after it appreciates, or you can improve the property yourself and use it like you would use any other developed land.
Mobile home parks
Because mobile home parks provide an affordable housing option, they are incredibly popular with people on limited incomes. Many communities suffer from a lack of affordable housing that an investment in a mobile home park could help alleviate.
When you own a mobile home park, you benefit from the monthly income tenants pay to park their home on the lot. You also help your community add affordable housing solutions.
Corporate Housing is a unique real estate business that offers rental properties to corporations and businesses. You act as the owner, but you rent the properties to companies. Most corporate housing includes utilities and furnishings.
When people travel for business, they stay in a corporate house rather than a hotel, so they are more comfortable and feel at home. The company takes care of the housekeeping services and pays the rent as it is cheaper than overnight hotels.
Short term rental properties
In addition to corporate accommodations, short-term rentals provide people with comfortable places to stay while on vacation. You can share your rental property through online platforms like Airbnb or VRBO. You’ll want your property to be in popular vacation destinations, especially near beaches, mountains, or amusement parks.
To keep people coming to your rental property, you need to keep it clean. Many landlords design the interior with fun themes so they can charge their short-term vacation renters a premium.
Long term rental
Some people prefer renting and will stay long term if that’s an option. A great real estate investment is in a rental property with the future in mind. These rentals can be houses, apartments or condos.
Real estate investing has proven to be lucrative, even alternative ideas. Before investing in typical real estate, consider alternative opportunities and how you can make the most of them.