5 Rock Solid Ways to Grow Your South Jersey Real Estate Portfolio in 2021

Understanding the possibilities available to you as a real estate investor will allow you to diversify your portfolio. As an investor, your job is to continually seek a balance to cover any short-fallings of your investments in any given area of the real estate market. By spreading your investments across various types of properties, you improve your future earnings. Keeping on top of your investment game requires laying out both a short and long term plan. It is essential as an investor to be paying attention to trends and market changes. Your dedication to your investment business will bring the highest return on your investment dollar, which equates to the level of passive income you earn over the long term. Today we will investigate these five rock-solid ways to grow your South Jersey real estate portfolio in 2021.

Land

Land can be a great way to grow your South Jersey real estate portfolio. While vacant land may not be your first go to, don’t discount this type of property’s potential. There are several ways that land can produce income. If your land is on a major roadway, it can earn you a tidy sum by renting the space seasonally to traveling vendors, such as Christmas trees or fireworks tents. You could lease the land for local garden space, and if your tract of land is large, you could offer outdoor storage. Depending on your location, you could create a campground, fishing camp, or lease the land to hunters. You could also use the land to raise livestock.

Buying and Holding Housing Units

Houses and multifamily units, those with two or more units, can produce monthly income while growing your South Jersey real estate portfolio. You can take advantage of multifamily housing by living in one of the rental units, commonly known as house hacking. Mortgage rates are lower, as the financing will be for a primary residence. Additionally, you won’t be making any housing payments, meaning more rental income is available for investments to enhance your portfolio further.

Mobile Homes

In general, mobile homes are a lower-cost way for new investors to gain ground. Mobile homes make for an excellent starter investment or the beginning of growing your South Jersey real estate portfolio with additional rental units. You could also offer to finance the mobile home for a buyer, holding the property until the tenants have fulfilled their lease terms for purchase. Should they fail to do so, you’ll keep all of the monies collected as well as your property.

Commercial Real Estate

Commercial real estate can be an exciting way to grow your South Jersey real estate portfolio. Not only will you continue to earn income through the building’s operation, but you will also have the power to make adjustments that are in line with inflation by creating incremental rental increases. In addition to your rental income, you’ll also gain equity as your commercial property appreciates.

Working With Jersey Shore Cash Home Buyers 

The most rock-solid way of all to grow your South Jersey real estate portfolio is by working side by side with Jersey Shore Cash Home Buyers laying out a plan for success! Our passion at Jersey Shore Cash Home Buyers is to help you fulfill your short term goals while building your real estate portfolio. At Jersey Shore Cash Home Buyers, we stop and take the time to listen to your obstacles and your dreams. If your retirement bucket list requires long-term passive income, working with the guidance of Jersey Shore Cash Home Buyers means you can look forward to enjoying your golden years in style. Why not reach out today to start building a better tomorrow for yourself? Send us a message or call Jersey Shore Cash Home Buyers at (856) 475-2576 to learn more about building your real estate portfolio!

Get More Info On Options To Sell Your Home...

Selling a property in today's market can be confusing. Connect with us or submit your info below and we'll help guide you through your options.

What Do You Have To Lose? Get Started Now...

We buy houses in ANY CONDITION in NJ. There are no commissions or fees and no obligation whatsoever. Start below by giving us a bit of information about your property or call (856) 475-2576...
  • This field is for validation purposes and should be left unchanged.