Diversifying by providing income streams from multiple asset types, such as stocks, bonds, precious metals and from multiple sectors within the New Jersey real estate market helps to ensure security against any sector’s downturns. Because time works in your favor when you invest in real estate, the sooner you begin, the greater the wealth. Rental rates also tend to keep pace with inflation, so investing in real estate protects against increases in the cost of living in your lifestyle.
You can have peace of mind and enjoy a golden retirement through your passive income when you locate and purchase great real estate investments. So read on as we explore five ways to expand your New Jersey real estate portfolio.
Flipping
Finding bargains and rehabilitating them into highly desirable properties and then reselling them in a brief period, known as flipping, is a fast way to earn a large amount of cash to use for further investments to expand your New Jersey real estate portfolio. It’s helpful to build a team with the mindset of an investor. When looking for fixer-uppers or distressed properties, working with someone experienced with house flipping, professional buyers like those at MAO Properties LLC have spent years building a reliable and efficient team ready to jump into action.
Residential Rentals
Residential rentals may be single-family homes, multifamily properties with up to four units or vacation rentals to expand your New Jersey real estate portfolio. Multifamily properties offer the opportunity to house hack, living in one unit to offset your housing costs. You must assess the property location, the neighboring community, amenities, crime rates and upcoming plans for improvements. Professional buyers like those at MAO Properties LLC help you find great investments that will hold their long-term value.
Mobile Homes
While mobile homes may not be your first go-to when considering expanding your New Jersey real estate portfolio; however, they make great investment properties. As a bonus, they are typically much lower in value than other residential rentals and therefore offer entry into New Jersey real estate investing with less upfront cash. Professional buyers like those at MAO Properties LLC know the intricate nuances of mobile homes and can help you avoid making costly errors in locating one or more investment properties.
Land
Are you looking for a way to expand your New Jersey real estate portfolio? There are many options available to you, from buying land to developing it into a commercial or residential property. Mobile home parks can also be a great investment, offering high returns with relatively low oversight.
If you’re not sure where to start, MAO Properties LLC can help. We’re experienced professional buyers who can assist you in finding the right land for your investment goals. Contact us today to learn more about how we can help you grow your portfolio.
MAO Properties LLC
The best way to expand your New Jersey real estate portfolio is by working with the seasoned local New Jersey real estate investment pros at MAO Properties LLC. The professional buyers at MAO Properties LLC can answer your questions and set your mind at ease. At MAO Properties LLC, we know many creative and exciting ways to help you to. The professional buyers at MAO Properties LLC spent a career in the local New Jersey market as investors and knew the importance of working with a reliable team with the mindset of an investor. At MAO Properties LLC, our professional buyers keep a vigilant eye on upcoming trends in real estate, changes in zoning and other equally impactful matters so you can adjust your exit plans as needed. Your success as a real estate investor will also hinge on having the skills to meet the highest property management standards, keeping in mind that returns on investment property reflect the level of property management skill. So why not learn the ins and outs of property management with the help of our top-notch team at MAO Properties LLC? Call MAO Properties LLC at (732) 844-8200.