Build Wealth with Real Estate (Part 1) | 6 Ways Beyond House Flipping

House flipping is BORING! Here are 6 other ways to build your wealth with real estate, part 1!
1. The classic “live in and rent out” situation. Purchase a duplex or other multi-family property and live in one portion while renting out the rest. Use the rental income to pay a portion (or all!) of the mortgage.
2. Buy into a REIT (Real Estate Investment Trust). A REIT is a company that owns, operates, or finances income-generating real estate. Invest in these companies like you would in stocks. REITs must pay 90% of their taxable income to shareholders as dividends, making them an excellent source of passive income.
3. Invest in a private equity fund. If you’ve got a bit more to invest, contribute directly to a private equity fund. Unlike a REIT, private equity funds use private capital to purchase privately held real estate assets. They usually require a larger upfront investment but can provide higher returns.
Follow me for part 2!
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