A REIT probably won’t become your primary source of income, but it can be a reliable addition to an investment portfolio. REITs allow individuals to get involved in the real estate market for a low initial investment. If you don’t have a second home or ADU, you can also consider renting a spare bedroom in your house to a college student, traveling nurse or another short-term tenant.ĭon’t have a space to rent? You can join a real estate investment trust (REIT) to invest in large-scale rental properties. Alternatively, rent your property to long-term tenants if you’re prepared to handle the responsibilities of being a landlord. If you have a guest home or an accessory dwelling unit (ADU) on your property, consider renting it out through a vacation rental service like Airbnb. Rental space is a great way to generate passive income with minimal work. ![]() The best way to determine the risk of any business investment is to talk to a financial advisor - it’s worth the cost to find an opportunity for stable growth.
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