subject: Real Estate Investing Affects Your Neighbors [print this page] Real estate investors are not only rich, they are also considered heroes of the neighborhood by many. Little do they realize that by doing their work, they are able to help the whole community. Imagine being liked the neighborhood just for doing your job real estate investing and still get tons of cash from it. Now thats good work.
It is for this reason that people who love to do service to their community are trying real estate investing. Apart from being a good source of income, it also allows them to help the neighborhood in small ways.
Let us take rehabbing houses for example. When you fix and flip properties, you incidentally help the community you are working in. In this kind of job, you lessen the number of dilapidated properties in an area. You buy cheap properties in need of repair, improve them to raise their value, and then sell them for a profit. When there are less distressed properties in a certain location, businessmen are encouraged to open shop there. Less dilapidated properties also means more livable properties, which translates to more residents and more prospective customers for businessmen.
Traders fear areas with many vacant distressed properties because these represent vandalism and possible crime to them. According to the broken window theory, an empty house with a broken window can lead to an increase in crime incidence in that area. A broken window, experts say, encourages vandals to break more windows. After breaking more windows, they will then vandalize other parts of the house until they break into it and use it as a den for vice and illicit activities. But by rehabbing houses, you can help prevent the broken window scenario from happening. Instead of a property vacant and vandalized, you repair and improve it to make it livable.
An increase in business establishments in an area also means a rise in job opportunities. Through this, the rate of crimes committed due to poverty such as theft and robbery are also lessened. Robbers no longer feel the need to commit crimes because they already have jobs. You can also hire residents as rehabbers to give them additional income. If you really want to help, you can prioritize those who were retrenched because of the recession.
These are only a few of the benefits rehabbing and other forms of real estate investing bring to the community. If you want to learn more about real estate investing today, just go to REIwired.com.
