Economists Outlook, Supermarket Sweep, and How To Become An Investor
- AGENT 1
- Jan 7, 2021
- 2 min read
We want to check ✅ something that we are paying attention to 🕵️♀️ and that has to do with real estate because it's been a good year 🎊 for a lot of people, especially if they were selling in certain locales 📍. Jeff Tucker, a Zillow economist 👨🏫, he's joining us now.
Investing in real estate isn’t as hard 😫 as it may seem. You don’t need hundreds of thousands of dollars 💵 or years’ experience running rental properties 🏢. 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 👨🔧 and flip?
If you’re thinking 🤔 about investing in a rental property, you might want to look 👀 at buying near an ALDI 🛒, according to ATTOM Data 💾 Solutions’ annual 2020 Grocery Store Wars 🥫 analysis. Properties near an ALDI had an average gross flipping ROI of 58 percent, compared to properties near a Whole Foods 🥬, which had an average gross flipping ROI of 36 percent and Trader Joe’s 🏴☠️ at 30 percent, according to ATTOM.
The real estate market in the U.S. 🇺🇸 and around the world 🌎 had an active and unique year in 2020, seeing many high net worth 🤑 individuals and families 👨👩👧👦 moving from high-density urban 🌆 and cosmopolitan areas to the suburbs 🏘 and warmer climate areas 🏝. 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 🦾 real-estate company Opendoor Technologies in the open market is casting 🎣 new light 🔦 on the property tech sector, particularly the “iBuyer” 🤖 market in which companies buy homes 🏡 from consumers 🛍 and aim to sell them at a profit.
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