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Investing in real estate takes time, patience, and most importantly, cash.
You probably shouldn’t invest in real estate until you have an emergency fund , no debt, and are saving automatically in a retirement account.
If you have enough cash to buy a multi-unit property, living in one unit and renting out the others can be a great way to start generating passive income .
If you don’t have cash to buy a property, try investing in a real estate investment trust (REIT). You’ll get exposure to the real estate market and get paid in the form of dividends.
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Real estate can be a very lucrative investment, but it requires a huge time commitment, patience, and most importantly, cash.
While there are options for novice investors to get into real estate, the big returns are found in the big investments – for example, buying and managing a multi-unit building or fixing up a single-family home and selling it for a…
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