Investing in real estate is easier than ever thanks to advances in technology
If you want to invest like a millionaire, you’ll need to invest in real estate. But if you’re new to investing, and pause at the idea of putting your hard-earned money to work in the confusing world of real estate investing, there’s good news. Technology has changed the face of investing, making it easier to access the same kind of real estate investment deals as the millionaires, but without any of the hassle of securing a loan, acting as a landlord, or having a large net worth.
In short, thanks to technology, the average individual can tap into the same wealth-generating assets that millionaires overwhelmingly choose.
The No. 1 Way Tech Makes Real Estate Investing Easier
Prior to 2012, unaccredited investors (read: those who don’t already have a personal fortune) could not invest in non-traded Real Estate Investment Trust (REIT) offerings. Then, with the passage of the JOBS Act, the government opened the doors to commercial real estate investing for all people. For the first time, average men and women could own a piece of million-dollar real estate without already having millions of dollars in the bank.
By giving unaccredited investors access to commercial real estate opportunities, fintech (financial technology) companies like Upside Avenue created easy, new ways for people to invest from the comfort of their computer screen, no prior real estate investing experience needed.
Fintech allows investment firms to serve more investors at lower costs, creating more opportunities to invest in professionally-run, institutional-quality real estate with extremely low minimums.
Is fintech a secure way to invest?
Non-traded fintech REITs like Upside Avenue are required to file a lot more information than traditional private offerings, and that information is shared publicly through the SEC’s Electronic Data Gathering, Analysis, and Retrieval (EDGAR). This helps investors do their due diligence before making an investment, something that all investors are wise to do. The filings also allow investors to keep track of their investments, which gives them way more information than they would have with traditionally less-transparent private market investments.
In short: Technology has removed the barriers to the real estate investment market, creating new opportunities for members of Main Street to access the same kind of deals previously only open to those on Wall Street.