As a property owner in Charleston, being a landlord can be an attractive option for generating rental income. However, it can also be a stressful and time-consuming responsibility, especially if you have multiple properties.

If you are tired of the responsibilities that come with being a landlord but still want to invest in real estate, there are other investment options to consider. In this article, we will explore these options and help you make an informed decision.

Investment Option 1: Real Estate Investment Trusts (REITs)

Real Estate Investment Trusts (REITs) are companies that own or finance income-producing real estate. They allow individuals to invest in real estate without having to own physical property.

REITs are required to distribute at least 90% of their taxable income to shareholders as dividends, making them an attractive option for those seeking regular income.

Types of REITs

REITs come in different types, including equity REITs, mortgage REITs, and hybrid REITs.

• Equity REITs invest in and own properties, while mortgage REITs invest in and own mortgages.
• Hybrid REITs invest in both properties and mortgages.

Investment Option 2: Real Estate Crowdfunding

Real estate crowdfunding is a relatively new investment option that allows individuals to invest in real estate projects through online platforms. Investors can pool their money with others to invest in projects, which can include commercial properties, residential properties, or development projects.

Real estate crowdfunding platforms typically offer investment opportunities with different levels of risk and return. Some platforms may require a minimum investment amount, while others may offer more flexible investment options.

Investment Option 3: Private Real Estate Funds

Private real estate funds are investment vehicles that pool capital from investors to invest in real estate projects. These funds are managed by professional fund managers, who are responsible for identifying and managing investment opportunities.

Private real estate funds can offer higher returns than other investment options, but they also come with higher risks. These funds typically have a minimum investment amount, and investors may be required to be accredited investors.

When considering these investment options, it’s important to weigh the advantages and disadvantages of each. REITs offer regular income, but they may not offer as high returns as other investment options. Real estate crowdfunding can offer flexible investment options, but it may require more due diligence on the part of the investor. Private real estate funds can offer high returns, but they also come with higher risks and may require a larger investment amount.

Investment Option 4: Sell to Cash Home Buyers

Not only do cash home buyers avoid all the traditional steps in a real estate transaction, meaning you’ll receive an offer very quickly, but there’s no need to invest in costly repairs, renovations, or cleaning, and no worries about whether the home will appraise for the buyer’s loan requirements.

Dealing with a cash home buyer is fast and efficient with closing times as soon as seven days – perfect if you want to get out of your landlord duties quickly. All things taken into consideration, considering a cash home buyer may be the perfect solution for tired landlords who are ready to move on from their rental responsibilities.

When looking to sell your house quickly in Charleston you don’t need to look any further. Building Appalachia is the best cash home buyer in town, providing the highest quality service for competitive rates. Our knowledgeable professionals will make sure that you understand every detail of the process so that you’ll leave feeling secure with your decision. To receive a free quote, get started on our website today and join the thousands of customers who have trusted us with their home-selling needs!