It is great to have a solid real estate investing system to rely on and generate income every month but if you are yearning for a new challenge check out the following 5 ideas for expanding your holdings and diversifying your investments.
1. Commercial Real Estate Investing
While there is still a lot of debate about the direction of commercial real estate and it should definitely be approached cautiously if you haven’t used it before you will definitely find plenty of bargains on the market right now. Google and Apple have made a big push into commercial real estate investing so if you plan on growing your operation big perhaps you can also do it to offset your own overhead.
If taking on a hotel or office building isn’t your thing what about a simple bed & breakfast? You can run it yourself or what about starting a small chain of them in your favorite vacation destinations so that you never have to pay for a hotel stay again, while you are building up equity and a second business.
With so many distressed properties saturating entire areas right now why not take over a whole neighborhood for yourself? Turn them into rentals, apply for city assistance for improving the area or at least some tax breaks. Then control your own growth or sell out to a developer as the market rises.
4. Fractional Ownership
Fractional ownership real estate investments are becoming more and more popular with overseas buyers and is predicted to soon become the preferred form of investment for those looking into properties as vacation homes or purely for investment.
5. Go International
The US started the global housing crash which has created a tsunami around the world. Though as the market and real estate investing opportunities improve here you can be sure the rest of the world will follow suit. Perhaps a good time to grab some great deals in your favorite exotic locations which can provide for some exciting trips and offer true diversity for your real estate investing portfolio.