Young adults living in Maryland may be more comfortable taking risks than middle-aged and elderly people. However, just because they don't mind a little risk in their lives doesn't mean that they want to buy stocks. Investing in the stock market is so volatile that many would rather keep about 70 percent of their assets in cash.
Millennials with cash savings may want to consider investing in commercial real estate instead of letting their money sit in the bank. Real estate can be a much more stable investment than stocks. Another benefit of real estate investing is that it can help an investor to earn a steady monthly income from rent payments.
While most people think about commercial real estate investing as a costly endeavor, it doesn't have to be. Since the U.S. Securities and Exchange Commission finalized Title III of the JOBS Act, crowdfunding real estate investments have been opened up to anyone. That means that a young person with as little as $100 can now invest in commercial properties without the need to apply for a loan. There are also opportunities for new real estate investors to apply for loans that do not require a down payment.
Commercial real estate investing can be a complicated process, and there is a lot that can go wrong if an investor is not careful. Before going forward with a commercial real estate purchase, people may want to discuss the details of their investment with an attorney. An attorney may be able to look for potential zoning or title issues and then help the investor through the purchasing process.