Investing in real estate is one of the greatest wealth building activities one can engage in. According to a Feb. 2020 report from the College Investor, over the last two centuries about 90% of the world's millionaires have been created by investing in real estate. Unfortunately, many investors never utilize this profitable avenue because they have heard horror stories about tenants, toilets, and termites. They think that real estate investing is all about getting late night calls for backed up toilets or dealing with unscrupulous tenants that don't pay rent. Taking a closer look at real estate reveals that there are many different ways to participate ranging from extremely easy and passive to full time employment commitments. Over the coming weeks, I will take a deeper dive into eight proven techniques and discuss the advantages vs. disadvantages of each. The goal is to get you thinking about which technique makes the most sense for you based on your commitment, goals, risk tolerance, and personal situation. The question should not be "should I invest in real estate?", but rather, "how should I invest in real estate?". Here is an overview of eight popular and proven techniques. Follow along in coming weeks as I dig deeper into each.
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