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HIGHLIGHTS:
- A second Great Migration?
- Two real estate investment ideas
Let’s go
Table of Contents
Real estate market
Next week, we’ll publish a comprehensive field guide to how climate change will affect residential real estate investing in the US over the next three decades. If you own a home in the US or plan to, you should check it out.
Here’s a sneak preview:
Over the next several decades, more than 150 million Americans will experience decreased quality of life due to climate shifts — mostly increased temperatures and decreased access to clean water. A great many of them will pick up and move. 250k Americans have already moved.
Experts estimate somewhere between 10 million and 60 million Americans will either choose or be forced to move in the coming decades.
That’s an order of magnitude larger than the continent’s previously largest shift — The Great Migration — when six million African Americans left the south and moved to the north, west, and midwest. That shift redefined the country.
The biggest population losers are likely to be Texas, Florida, and Louisiana, while the northeast benefits the most.
For (much) more, stay tuned next Monday.
Real estate investment ideas
Two investment opportunities open this week:
- A single family residential in Florida
- A short-term rental in Washington
Polaris
by Fundhomes
Offering at a Glance
- Name: Polaris
- Available: Now for funding
- Terms: Equity stake
- Estimated hold period: 5 years
- Target IRR: 12.5% (7.76% trailing CoC)
- Min. investment: $100
- Estimated first distribution: Already ongoing
Located on the Golf course in Highlands Reserve, this 2-story single-family house features 5 bedrooms, 3 bathrooms, a formal living room and dining room, a fully equipped kitchen with a dinette, and also an oversized family room.
Location
Polaris is situated on the well-reviewed Highland Park Golf Club in Davenport, Florida.
Davenport is an 18 minute drive to Disney World Resort.
What’s to like
Having just received SEC qualification recently, Fundhomes is new to Reg A fractional real estate investing, but they’re not new to the STR game.
They’ve invested in a variety of STR homes and offered them up to accredited investors over the last couple years, and they’re specific about what they target:
Middlemarket – they go where most renters are and execute really well
Not a hotel substitute – they specialise in properties that don’t compete with hotels. Homes big enough for families and groups
Davenport itself, which is less than 20 minutes to Orlando’s attractions, peaked in value a year ago, suffered a brief dip, and has seemed to stabilize now.
13A North Summit Dr, Bellingham, WA
Available on Zillow
Sourced from The Offer Sheet
Offering at a Glance
- Price: $459,000
- Size: 4 Bedrooms, 2 Bathrooms
- Average Daily Rate: $361
- Expected occupancy rate: 55%
- Monthly expected income: $6,039
- Monthly expected expenses: $4,122
- Monthly expected cash flow: $1,918
- Expected cash on cash return: 18.0%
Location
This home is located on Lake Whatcom in Bellingham, WA — about 90 minutes from Seattle.
Bellingham is a smallish city of 90,000. It has an industrial past which belies its current beauty. I visited near this area in my 20s, and was blown away by how beautiful it is.
Home prices in this area are still very affordable given the sheer beauty of this neck of the woods.
What’s to like
This private, secluded home in woods that is priced well enough to make an excellent short-term rental.
The house features an open floor plan, new appliances, large windows and glass doors opening to wrap round deck. It’s bordered on two sides by a 400 acre nature preserve. The roof is only 5 years old. New carpet throughout.
It’s not directly on the lake, but close enough for vacationers to enjoy.
We found this cabin-style home through The Offer Sheet, which helps investors find the best potential Airbnbs for sale.
Have you seen a real estate deal, fund, or opportunity you’d like to share with the community?
Smash the reply button.
Cheers,
Wyatt
Disclosures
- This issue includes affiliate links. If you choose to invest, we get a few bucks.
Disclaimer regarding RM Communities – Brookside Apartments
