Real estate is a great area for the savvy investor who’s looking to diversify their portfolio. If you’ve already branched out into various areas of the NYSE, have some holdings in crypto, and are looking to strengthen your investment profile even further, real estate is a smart venture. Property tends to appreciate in value, barring major political events, and this is especially true if you are able to fix it up and sell for a higher price than you initially paid.
The problem with a real estate project is, of course, the problem of all investments—you need to have money to make money. If you don’t have enough of your own private money and you don’t qualify for a traditional loan through a bank or another traditional lender, you may think that you need to leave all the property investments in North America (and beyond) on the table. The thing is, though, that it simply isn’t so! Before you delete the number of the broker you were working with, read this helpful guide to alternative financing for property projects.
Use someone else’s private money.
If your savings account doesn’t have enough funds to bankroll your fix-and-flip dreams or your credit score may be off-putting to traditional lenders, that’s not the end of the road. There are private lenders all over the United States who are interested in getting in on projects that bode well. For example, Pacific Private Money is a firm that connects real estate hopefuls with private money lenders who have shared aspirations of success.
Pacific Private Money loans are specific to the West Coast (especially in Northern California, but not only) and the Pacific Private Money website boasts rave reviews. The real estate investors who commented on their services often note the short time frame within which the private money was made available. Whereas a traditional loan may take its sweet time landing in your bank account, Pacific Private Money understands that the real estate market works much more quickly than that. They’re definitely a great resource for those looking to start any buying and construction work in the Western United States.
Invest in companies on the NYSE that are about to literally strike gold.
Part of the fun of stock market investing is the guesswork. Of course, one hopes to make educated guesses (that’s why successful investors are usually avid readers), but you never really know which stocks will rise and which will fall. If you want to make a great educated guess, though, it can be helpful to look at exciting projects that companies have in the works.
One example is the Kirazli project that Alamos Gold is putting forth in the Republic of Turkey. Alamos Gold Inc. is a superb gold mining firm based out of Canada, with mines in Northern Ontario (the Young-Davidson and Island Gold mines) and in the Sonora state in Mexico (the Mulatos mine). After having made waves by putting the care of natural resources first (as seen in the process of removing cyanide from all mining at Mulatos, and commencing the same process at Young-Davidson and Island Gold), Alamos is bringing the same innovation to Kirazli in Western Turkey. Not to mention that Alamos is also creating a projected 4,000 jobs for local Turks. If you want to make a safe bet and see returns that you can use to finance your next real estate endeavor, it’s worthwhile to put some money in shares of Alamos. The company trades on NYSE as AGI.
Real estate investors who are trying to navigate the first steps into the property realm have lots of options at their fingertips. Whether it’s by investing in a company, like Alamos, that’s poised to make a lot of money or by finding private money loans, there are plenty of paths that will get you in the game.