Real estate is a popular investment choice for many people. While many people stick to single-family rental properties, there are several alternative investment options that can be just as lucrative. These investments are less common, which means you may find less competition when looking to add them to your portfolio. Keep reading as we discuss six alternative investments that real estate investors in Atlanta should consider.
1. Commercial Real Estate Options
Commercial real estate can be an excellent alternative investment for real estate investors. It includes shopping centers, office buildings, warehouses, and other commercial properties. These properties generate more income than residential properties and can offer a higher return on investment over time. Many people opt to work with a partner with investing in such investments so they can secure a greater amount of financing and have more resources at their disposal.
2. Investing in Atlanta Mobile Homes
Mobile homes are another alternative investment option for real estate investors. Mobile homes can be a great investment because they are relatively inexpensive to buy and maintain. In addition, they can be rented out for a steady stream of income. Mobile homes are popular with investors at any level of experience, however, they can be particularly popular with novice investors, looking to get their foot in the door. Some investors opt to take this one step further, buy investing in land for mobile home parks! This can be a highly lucrative investment, with little overhead.
Often overshadowed by traditional housing, mobile homes are now gaining attention as a lucrative asset class in real estate investments. Once popular among retirees and individuals seeking an alternative lifestyle, mobile homes are now attracting a new wave of real estate investors. But what sets mobile homes apart as an intriguing investment opportunity? Are they a secure investment, or do they pose unique risks and challenges?
Here’s what you need to know to navigate this specialized market successfully.
While mobile homes are commonly found in mobile home communities or parks, they can also be placed on private land, subject to local zoning regulations. These homes have undergone significant advancements over the years, with modern models offering a wide range of amenities and energy-efficient features.
Types of Mobile Homes
Mobile homes are available in various types, each catering to different sizes, designs, and features to meet diverse housing needs. Here are the primary types of mobile homes:
- Single-Wide Homes: Single-wide mobile homes are typically narrow and measure up to 18 feet wide and 90 feet long. They are a cost-effective option for single-family homes, suitable for individuals or small families with limited space requirements.
- Double-Wide Homes: Double-wide mobile homes consist of two single-wide units combined, providing more interior space. They are popular among families and offer a living space comparable to traditional site-built homes.
- Triple-Wide Homes: Triple-wide homes are created by joining three single-wide sections to form a more extensive living area. These homes are spacious and may include multiple bedrooms, bathrooms, and additional living spaces.
- Park Models: Park models are compact mobile homes designed for seasonal or temporary use. They are commonly placed in RV parks or resort communities and are somewhat movable, though less mobile compared to other manufactured housing types.
- Modular Homes: While not technically classified as mobile homes, modular homes are factory-built and assembled in multiple sections or modules before being transported to the site for final construction. They closely resemble traditional site-built homes and offer extensive customization options.
- Tiny Homes: Tiny homes, although not exclusively mobile, are compact and mobile residences often mounted on trailers. Designed for minimalist living and mobility, they provide a unique housing option for various individuals.
3. Private Lending
Private lending is a way for real estate investors to make money without actually owning any property. Private lending involves lending money to other real estate investors, who then use the money to finance their real estate deals. The investor earns a fixed interest rate on the loan and can potentially make a good amount of money in a short amount of time. As with any investment, this one can be risky, so it is important to speak to a lawyer and have all your ducks in a row before pursuing this option.
4. Real Estate Investment Trusts (REITs)
REITs are a popular investment choice for many real estate investors. REITs are companies that own and operate income-generating real estate properties. By investing in a REIT, investors can earn a share of the income generated by the properties in the REIT’s portfolio. You should always fully research any investment partner before parting with your hard bearded cash.
5. AirBNB Rentals
AirBNB rentals are another alternative investment option for real estate investors. AirBNB rentals can be an excellent investment because they offer a higher return on investment than traditional long-term rentals. In addition, AirBNB rentals can be more flexible and easier to manage.
6. Land Development
Land development is another alternative investment option for real estate investors. Land development involves buying land and then developing it for commercial or residential use. This can be a lucrative investment option, but it requires a lot of research and due diligence.
At Nance Homebuyer, we understand that finding the right investment can be challenging. That’s why our professional real estate buyers are here to help. We can help you find the right investment that meets your financial goals and fits your budget. We have years of experience in the real estate industry and can offer valuable insights into the Atlanta market.
Real estate investors in Atlanta have several alternative investment options to consider. Whether it’s commercial real estate, mobile homes, private lending, REITs, AirBNB rentals, or land development, there is an investment option that can meet your needs. At Nance Homebuyer, we can help you find the right investment that fits your financial goals and budget. Contact us today to learn more about how we can help you! (770) 746-8608