REI Wealth Magazine Featuring Paul Finck | Page 96
“B
driven model for determining where the best investments
lie. Check out our insights [infographic] about the stages
a region follows along the “Urban Pioneer Path.”
To get started investing in the Urban Pioneer, follow
these steps:
uying real estate is
not only the best
way, the quickest
way, the safest
way, but the only
way to become
wealthy.”
Marshall Field
•
Once a neighborhood was filled with dilapidated
buildings and empty storefronts. You return a couple of
years later and see restaurants, boutiques, beautiful
green spaces, and lovely homes and apartments. You
probably think to yourself, “I wish I were smart enough
to invest in this community.”
So, how do you know where that next smart
investment lies?
From Manhattan’s Upper West City to Ohio City in
Cleveland to Bucktown/Wicker Park in Chicago,
communities within and outside Opportunity Zones are
being transformed by visionary developers who know
how to spot trends.
Investors are making millions by focusing on the
Urban Pioneer those people and companies that buy
real estate in areas that are on the fasttrack to a
renaissance. Transit systems, the influx of big brands
like Starbucks and Costco, and the presence of
technology and financial services companies (and their
employees) accelerate development speed.
These neighborhoods “Urban Frontiers” whether
in Opportunity Zones or not are a winwin for
homeowners, renters, businesses, and investors. Many
investors are using funds from IRAs and 401K plans, as
a means of growing taxdeferred and taxfree income.
Recent graduates, young families, and futurelooking
professionals can find affordable real estate. Investors
can see huge returns because they are able to get in on
the ground floor and often enjoy tax benefits as well.
Unlike some other real estate investments, this trend
is timetested and somewhat predictable. We have been
studying communities that have thrived as businesses
and homeowners settle into highpotential areas
throughout the country and have a predictive data
•
•
•
Select the right investment partner. Work
with people who know the market and can backup
their strategies with facts and data. Download our
Guide to the 21 regions that are poised for rapid and
longterm growth.
Seek a turnkey solution. Choose an investment
company that handles all aspects of purchasing,
renovating, and selling or renting investment
properties. Although we use the term Urban Pioneer,
some suburban areas are ripe for redevelopment and
investment as well. The suburbs as we knew them
have been evolving, along with population,
demographic, and lifestyle shifts.
Be patient. Many areas where Urban Pioneers
settle take a while to reach their full potential. For
example, median rents in Queens, New York have
increased about 40 percent over the past decade but
the growth has been a consistent steady climb.
Enjoy the multiple benefits of investing in
the urban pioneer passive income, capital
appreciation, and tax incentives.
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