Business News

Roofstock permits millennials to put money into actual property

Home ownership millennials are far behind previous generations.

Increase your business, Not your inbox

Stay up to date and subscribe to our daily newsletter now!

28, 2020

Read for 4 minutes

Disclosure: Our goal is to offer products and services that we consider interesting and useful. If you buy them, Entrepreneur can get a small part of the income from the sale from our trading partners.

Although millennials are the largest generation in the United States, home ownership is significantly behind their parents and grandparents. A study by the Urban Institute shows that the home ownership rate for millennials aged 25 to 34 is around 8% lower than for Gen Xers and baby boomers of the same age. This is just one of the many ways that millennials were left behind by U.S. economic progress in the 21st century.

Millennials generally live in cities. But even the top earners of the generation are handcuffed by enormous rent payments and increased living costs, which make buying a home or investing in real estate in the areas where they live almost impossible. How can you afford a mortgage payment if you've spent $ 2,000 a month on rent for the past five years?

What used to be extremely difficult is much easier with Roofstock.

Roofstock is a leading online marketplace that enables people to invest in real estate outside of their cities and collect rent through the platform. Hundreds of homes are available on their marketplace, many of which cost less than $ 100,000 and many of which have annual rentals of more than $ 10,000.

In contrast to the traditionally exclusive and inaccessible real estate market, Roofstock values ​​inclusiveness and opens its doors to first-time, seasonal or just slightly curious investors. Due to their low-cost entry-level model, 75 percent of Roofstock users are first-time property investors, and more than half are younger than 35.

Since millennials are often burdened with student debt, it is particularly difficult to invest in real estate, as their parents or grandparents might have done. Roofstock turns the traditional model upside down by offering single family houses (SFRs). Houses in which investors do not buy to live, but in which they invest to generate rent and passively generate income. This is a clever way to increase cash flow and reduce the burden of fixed costs such as your own rent and loan payments.

Roofstock also eliminates many home purchase and land ownership problems. They use PropTech to make the transition from buying and selling to investors and tenants as seamless as possible. They perform the inspection and make it available online before listing a property, offer credit options for your investment, and contact financing partners to make the investment a breeze. You even leave the daily management of the rental to a professional property manager. These investments not only increase cash flow, but real estate can grow in value and increase returns over time.

Roofstock aims to make real estate investments as easy as buying a new t-shirt. The development of investment technology has reduced the intimidating tasks of finding accommodation and searching neighborhoods to a game that is all about numbers. Their data-driven investment process helps investors identify the best real estate for their investment by displaying data such as neighborhood ratings, quality of the school system, higher return potential and more. They also offer detailed property photos, reviews, and comparisons with similar homes in 70 U.S. markets, including Atlanta, Memphis, Indianapolis, Jacksonville, and the Greater Chicago area.

Roofstock's high standards for the properties they accept for the site ensure that investors make tax-based decisions for their long-term future. Urban life is difficult to afford, which is why Roofstock makes it easier for young customers in coastal cities to invest in areas with better cash flow.

Investing in SFRs is less risky and provides a low capital entry point that offers consistent cash flow and low volatility. It is the perfect way to invest for millennials with a small disposable income who want to invest in real estate.

Check out Roofstock offers today and discover a new opportunity for yourself. When you buy a property, Roofstock will give you a $ 250 VISA gift card to thank you for.

Related Articles