AGENT 1
Jan 7, 20212 min
We want to check β something that we are paying attention to π΅οΈββοΈ and that has to do with real estate because it's been a good year π for a lot of people, especially if they were selling in certain locales π. Jeff Tucker, a Zillow economist π¨βπ«, he's joining us now.
Investing in real estate isnβt as hard π« as it may seem. You donβt need hundreds of thousands of dollars π΅ or yearsβ experience running rental properties π’. With some motivation, a little money, and the desire to succeed, anyone can invest in real estate. Before you start investing in real estate, choose your investment strategy. When you purchase a home, will you hold and rent or fix π¨βπ§ and flip?
If youβre thinking π€ about investing in a rental property, you might want to look π at buying near an ALDI π, according to ATTOM Data πΎ Solutionsβ annual 2020 Grocery Store Wars π₯« analysis. Properties near an ALDI had an average gross flipping ROI of 58 percent, compared to properties near a Whole Foods π₯¬, which had an average gross flipping ROI of 36 percent and Trader Joeβs π΄ββ οΈ at 30 percent, according to ATTOM.
The real estate market in the U.S. πΊπΈ and around the world π had an active and unique year in 2020, seeing many high net worth π€ individuals and families π¨βπ©βπ§βπ¦ moving from high-density urban π and cosmopolitan areas to the suburbs π and warmer climate areas π. Here, members of the Haute Residence network in Georgia, Illinois, North Carolina, and Tennessee share their insights on what they expect for their markets in 2021.
The arrival of the tech-driven π¦Ύ real-estate company Opendoor Technologies in the open market is casting π£ new light π¦ on the property tech sector, particularly the βiBuyerβ π€ market in which companies buy homes π‘ from consumers π and aim to sell them at a profit.