Why Millennials Should Invest in Real Estate Crowdfunding
How crowdfunding allows younger generations to invest in real estate
The full article can be found at Benefits of Real Estate Crowdfunding For Millennials.
Much is known about the financial habits of millennials. As lifestyle priorities shift, this generation is often criticized for sacrificing long-term goals for short-term pleasures, be it a weekend Airbnb trip or the notorious avocado toast.
Born between 1982 and 1996, the majority of millennials usually have less than $1,000 saved. But that doesn’t mean these under-40s are not seeking ways to be more frugal and multiply their savings.
Whether pursuing homeownership or paying off student loans, real estate crowdfunding can be very beneficial. Here’s how.
The savings aspect
Savings accounts typically have very low interests. The British giant, Lloyds, announced in September that its Instant Cash individual savings account rate would drop from 0.35% to only 0.2%.
Even the “market-leading” and easy-access option called Marcus by Goldman Sachs has trimmed its rate from 1.5% to 1.45%.
Luckily, millennials know how to use technology to their advantage, giving them many more options than under-40s had in previous generations.
Through real estate crowdfunding, aspiring homeowners can invest relatively small amounts of money (as little as 100 euros on most platforms) into bigger real estate projects.
Based on their goals and preferences, they can choose different types of investments and enjoy stable yields. It’s a winning strategy for millennial investors — and one that’s relatively secure.
The low risk
One of the main perks of real estate crowdfunding is…Continue reading
BrikkApp is a global investment marketplace offering trustworthy data and experience from the real estate crowdfunding world. Visit our Industry Insights section to learn more about this form of investing.
