Real estate is one of the most forward-thinking industries in the modern age. It’s a sector not afraid to embrace new technological advances, which has certainly played in its favor for the past decade.
The industry has been thrust forward into the digital age, and there’s little sign of it slowing down. Micro and macro investment platforms are ground-breaking, disrupting the industry like nothing before.
Here’s a look into why they are becoming so important for the real estate industry.
What is a Real Estate Investment Platform?
A real estate investment platform makes the investment process more accessible and transparent. These platforms aim to be your one-stop shop for all your investment needs. You can browse offerings, make investments and track the performance of your real estate portfolio.
All in one single place. This will change the way people invest their money, there’s no sketchy middleman handling your funds, this is a hands-on approach to property investment.
The Impact on the Real Estate Industry
Online real estate investment has been growing for some time. With the introduction of virtual reality and artificial intelligence, real estate has been able to access more potential investors across the globe.
An investor is effectively able to view the whole property without even being there thanks to virtual reality. Now, with online investment platforms and advice from residential conveyancing solicitors who’ve seen the house, they can invest straight away if they like the property.
There are different types of investment opportunities, from buy-to-let, buy-to-sell and development projects. Buy-to-let investments are evidently more long-term, usually from 5 to 10 years where the investor will get a monthly pay-out.
At any time on most platforms such as Housers, members are able to sell their investment in their Marketplace. This makes the deal feel a lot let risky than traditional real estate investment.
Opportunities in Global Markets
If you’re not already immersed in the property investment market, it can be difficult to establish good relationships globally. That’s where investment platforms come in, allowing members to access investment opportunities from hundreds of global market firms.
Investments are as easy as a quick bank transfer or payment by credit or debit card. International investment has never been so easy.
A Better Way to Invest in Real Estate
By using micro and macro investment platforms for real estate, it allows investors to have more control over their transactions to get the most out of their money.
There’s no need to worry about paperwork, managing tenants, renovations or anything other responsibilities that typically come with owning a property. Instead, you get to invest in properties all over the world and track their progress.
Grant Cardone, a renowned business speaker has talked in a great deal about real estate, and how to create wealth by investing in it. He backs the new way real estate investment is heading, praising its ability to take hold of new technology and work it towards the industry’s advantage.
However, as with any property investment, there’s always a risk associated with parting with your money that he also addresses in his talks.