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Buying real estate and renting it out might actually be the most reliable way to build wealth. You need to be in a market with steady growth, which is true of m
by titanomachy 10y ago
Buying real estate and renting it out might actually be the most reliable way to build wealth. You need to be in a market with steady growth, which is true of many desirable cities. You need some starting capital, which most people could earn through a few years of steady work and frugal living (probably have to hold off on having a family unless you have high income).
It's not a "get rich quick" scheme by any means, though, and managing properties is still work. I know more than one retiree who has built up 8-figure wealth this way. Of course, it took them a lifetime.