The Myth of Passive Real Estate Investing
In my financial planning firm, we focus on serving clients in their 30s to their 50s — and we see firsthand how popular the idea that real estate is a way to get rich (relatively) quick is. That would be fine if real estate was a no-brainer passive-income maker the way so many people think it is. The problem is that narrative doesn’t line up with reality.
While real estate can be a good investment, that statement comes with a laundry list of caveats. All the “ifs” and “buts” that surround it mean that investing in real estate (especially with the goal of generating passive income) is more of a myth than a viable strategy for most people who simply want an easier or more exciting way to grow wealth than investing in the stock market for the long term using a diversified portfolio.
Before you join the ranks of rookie real estate “investors” who realize how much
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