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If you ask Dave Ramsey, there’s no room for dilly-dallying when it comes to real estate investments.
When a young Michigan landlord named Joe called into The Ramsey Show for advice about what to do with a duplex he no longer cares for, David Ramsey gave it to him straight.
“You’re out, you’re done,” the personal finance expert said.
Joe bought the duplex with his girlfriend in the fall of 2020 for around $164,000. They’ve since lived in one of the units and rented out the other. They’ve done some renovations, and they expect they could sell the property for around $200,000 or more.
Joe admitted he was tired of having tenants — and of living underneath them — but he remained uncertain about how to handle his investment.
“I would sell the crap out of this thing,” Ramsey responded during the episode.
If you’re keen to invest in real estate, but like Joe, you’re not sure if you’re cut out for the landlord life, here are three other ways to get in on the action.
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Necessity-based real estate
Necessity-based real estate investing is a great, stable option for getting in on the real estate game.
Unlike private properties or office buildings, necessity-based commercial real estate* serves locals with essential goods and services — including large grocery store chains. This means that these types of property investments often come with more stable, long-term tenants than other forms of real estate investments.
That’s why First National Realty Partners (FNRP)* specifically invests in necessity-based commercial real estate, including grocery-anchored shopping centers, workforce premium multi-family housing, and strategically-located industrial centers.
With a deep, growing portfolio of top brands, FNRP works with national tenants such as Walmart, CVS, Publix, Kroger, WholeFoods, Target and more, making it easy to earn passive income from assets that never go out of style.
Read more: This Pennsylvania trio bought a $100K abandoned school and turned it into a 31-unit apartment building — how to invest in real estate without all the heavy lifting
REITs
Investing in a real estate investment trust (REIT) is a way to profit from the real estate market without buying a physical property or dealing with any landlord duties.
REITs* are publicly traded companies that own income-producing real estate like apartment buildings, shopping centers and office towers. They collect rent from tenants and shareholders earn passive income from that rent in the form of regular dividend payments.
RealtyMogul* — an online real estate marketplace with over $500 million invested — makes investing in REITs easily accessible so you can benefit from potential solid dividends and the and long-term capital appreciation.
To get started, all you have to do is fill in some information about yourself*, and you can start browsing fund options and choose which is best for you.
Rental homes and vacation homes
According to Statista, U.S. vacation rental revenue is expected to grow at a rate of 1.65% from 2024-2028, with a projected market volume of $21.11 billion by 2028. And you have the chance to get in on this asset with Arrived.
Arrived* is an online platform where you can invest in shares of rental homes and vacation rentals, so you can get into real estate without taking on the responsibilities of property management or homeownership.
Start by browsing their curated selection of homes, each vetted for their appreciation and income potential. Once you find a property you like, you can choose the number of shares you want to buy*.
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This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
