I can’t stress enough how real estate is the most profitable investment avenue around. Even when the markets shift one way or another, there’s various types of real estate you can invest in.
But I understand that investing in real estate might take a little more money than you’re willing to part with.
That’s why I’m here to show you how you can get your real estate fortune, without ever buying a single property…
I’m serious… real estate fortunes can be built without ever buying any property at all. It’s all thanks to companies like Redfin.
Redfin is an 11-year old real estate company that just opened its doors to public investors.
A spokesperson for the extremely successful company said they would categorize themselves as “a technology-powered real estate broker.”
Real estate is probably one of the last major markets to shift its foundation to a more technologically-forward approach.
Of course, there are websites we use to research potential real estate investments, but you generally still have to go to the property and meet with somebody face-to-face.
Redfin is looking to revolutionize the way we invest in real estate.
And that’s why our focus is on them.
Like I said, this doesn’t involve you making any property purchases whatsoever. There’s no mortgages involved, no loans, and no closing costs.
Your new real estate fortune is going to come from taking a page out of Redfin’s book and capitalizing on the technology available to you.
Now, don’t worry… you don’t have to be technically gifted to take advantage of this. It’s literally a 3-step process that I’m going to walk you through.
But before I get to that, I want to talk a little more about Redfin’s latest market move.
I don’t want to scare you off when I mention Redfin’s shares or valuation.
Remember: this new real estate fortune is much simpler than any property purchases you’ve ever done, and I feel confident in saying that I could walk a child through these steps.
As I mentioned, Redfin opened its doors to public investors by going public on the Nasdaq.
Their initial public offering (IPO)—the price each share is worth the moment a company goes public—saw their shares initially worth $15 each, before quickly surging 30% in less than a day to land at $19.56.
Again, don’t be intimidated by the “Wall Street jargon.” It really is as simple as it seems.
Redfin, whose ticker symbol is RDFN, raised $138.5 million by going public. This valued the company at $1.38 billion.
Now we’re going to take a piece of that fortune.
Redfin is just the first of a handful of technology driven real estate brokerages to go public. Other private companies, like New York-based Compass, should soon follow in Redfin’s tracks.
And the more companies that take this route, the bigger our fortune becomes.
So, how exactly do you take your real estate fortune without ever buying a single property?
Open an account with a company that offers you quick-access investing in companies like Redfin.
For this example, I’m going to use Robinhood (a mobile broker that allows you to invest with a few clicks).
The first step is to open an account with Robinhood. This will include funding it with as little as $100 if you want.
The next step would be to pick the real estate company you’d like to invest in. Like I said, Redfin ticker code is RDFN.
If you were going to invest in RDFN, you’d type that in Robinhood and select the number of shares you’d like to invest in (the more shares, the bigger the payout when the company’s valuation increases).
The third step is to sit back and watch your fortune grow.
I can’t tell you exactly when to get in and out of these investments, but, keep in mind, the longer your investment time, the more chance you have at achieving a bigger fortune.