From first-time homebuyers to new investors, younger generations are discovering that real estate can be a great way to build future financial security. Your first home purchase can open up doors to a lifetime of investing.
Many seasoned investors are encouraging younger generations to start investing in real estate as soon as they can. Unlike other forms of investing, real estate can be incredibly lucrative and not subject to the same volatility as stocks. Plus, if done well, investors can create comfortable living situations for themselves while earning a steady income.
And the good news is, it's not difficult to get started. As a young investor, there are a number of government programs to help younger generations get into real estate, along with other creative options you can pursue. Let's look at both in turn.
Government programs of all kinds can help young investors get started. For instance:
Government programs aren't the only way to get into real estate. Here are some popular trends among younger investors:
As these younger buyers continue to get comfortable owning their own real estate, the concept of investing in real estate as a side gig or primary source of income becomes more attractive. And, if you're in that age bracket, you should learn as much as you can about buying a home and consider using some of the money you may have saved during the pandemic to put down a down payment or invest.
To help you take it a step further, resources like the PropStream Academy are geared specifically for new investors, helping you use technology to find off-market deals and avoid common pitfalls. The course covers essential investing strategies, from wholesaling to how to run sales comps. If you don't have a lot of money and still want to get into real estate, wholesaling is a good first step, and the Acadamy can help you get started.
Because younger generations are passionate about real estate investing and technology, they will be using platforms like PropStream to their full advantage, researching deals and transacting with record speed.
But regardless of generation, one thing holds true. Knowing as much as you can about geographies and property trends will ensure that your investment dollars are well spent.
That's where The Propstream Academy comes in. Not only does it accelerate the learning curve for new investors, but it also gives them access to a next-generation, big-data resource to find the best opportunities long before traditional investors can find them.