Homeownership is the quintessential American dream — but over the last several decades, it has become less and less affordable. According to Harvard’s Joint Center for Housing Studies, home prices are rising faster than our incomes. In fact, the national price-to-income ratio sits at 4.4, or 4.4 times a homeowner’s income — the highest point...
Experts have always considered investing in real estate an outstanding investment. However, the house you live in isn’t necessarily an investment: True real estate investments are typically comprised of buying, holding, fixing and flipping rental properties, forming REITs, handling short-term rentals and more.
When you invest in in real estate, it’s key to keep your emotions out of the equation. You won’t be buying a house that you’re going to live in or pass down to your children, so you need to look at the property simply as a tool that’s going to generate an additional stream of income for you.
One of the best ways to invest in real estate is through buying rental properties. You purchase a home or apartment building —fix it up if you need to — and rent it out. Rental properties allow someone else to pay down your mortgage and then some.
There is a lot to learn, so be sure you do your research on GOBankingRates first.