The Simplest Ways to Start Building Your Wealth

Here are a few ways you can invest in real estate in 2021.

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If you’re unsure whether or not you want to invest in real estate, now’s a great time to make that leap, and there are several ways to go about it. The first is to purchase or invest in a real estate investment trust (REIT). This is an entity that owns shares of interest in homes, apartments, commercial buildings, multifamily spaces, etc. It’s a way to invest money in a property you don’t necessarily own, but don’t have to spend time with either.  

"I’d be glad to sit down with you and make a plan for your investment purchase. "

The second thing you can do is go the traditional route and buy a rental property. If you’re thinking of buying a single-family home, I suggest something with three bedrooms and a garage. The property should also be located in a great school zone. That kind of property you’ll always be able to rent. Also, you could buy a rental in an area that’s zoned for short-term rentals, like Airbnb. Additionally, you could flip and sell that property. This real estate market is a great opportunity to sell a property. If you want to ease into real estate without buying a whole property, you can rent out a portion of your house—a couple of bedrooms, for example. All of these have tax consequences, so check with a tax professional before making any decisions. If you don’t know where to start, give me a call or send me an email. I’d be glad to sit down with you and make a plan for your investment purchase. Don’t let 2021 pass by without you building your personal wealth!