{"id":58556,"date":"2023-01-13T01:34:59","date_gmt":"2023-01-13T05:34:59","guid":{"rendered":"https:\/\/www.iwillteachyoutoberich.com\/?p=58556"},"modified":"2025-04-04T11:49:10","modified_gmt":"2025-04-04T15:49:10","slug":"how-to-invest-in-real-estate","status":"publish","type":"post","link":"https:\/\/www.iwillteachyoutoberich.com\/how-to-invest-in-real-estate\/","title":{"rendered":"How to Invest in Real Estate (8 beginner-friendly options)"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"58556\" class=\"elementor elementor-58556\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-78d0b39a elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"78d0b39a\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-79c73522\" data-id=\"79c73522\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-81801d1 elementor-widget elementor-widget-text-editor\" data-id=\"81801d1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Real-estate investing offers a way to earn money while building for your financial future\u2014but it\u2019s also an easy way to lose your shirt if you\u2019re not careful.<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:paragraph --><\/p>\n<p>If you do your research and commit to tried-and-true systems, you can make your money back and then some.<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:paragraph --><\/p>\n<p>That\u2019s why we want to go through 8 ways you can make money by investing in real estate. They\u2019re all different, and we certainly don\u2019t suggest you try all 8 methods. But this is a great launching point if you\u2019re just starting out.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7bc5c43f elementor-widget elementor-widget-text-editor\" data-id=\"7bc5c43f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><!-- wp:paragraph --><\/p>\n<p><!-- \/wp:paragraph --><!-- wp:heading --><\/p>\n<h2 id=\"toc\">How to invest in real estate in 8 ways<\/h2>\n<p><!-- \/wp:heading --><!-- wp:paragraph --><\/p>\n<p>Here are the 8 ways you can invest in real estate. The method you choose ultimately depends on your financial situation and what you hope to achieve.<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:list --><\/p>\n<ul>\n<li><a href=\"#real-estate-investment-trust\">#1: Real-estate Investment Trust (REIT) <\/a><\/li>\n<li><a href=\"#rental-property\">#2: Rental Property<\/a><\/li>\n<li><a href=\"#house-hacking\">#3: House-hacking<\/a><\/li>\n<li><a href=\"#flipping-property\">#4: Flipping Property<\/a><\/li>\n<li><a href=\"#short-term-room-rentals\">#5: Short Term Room Rentals <\/a><\/li>\n<li><a href=\"#real-estate-funds\">#6: Real Estate Funds <\/a><\/li>\n<li><a href=\"#online-real-estate-investing\">#7: Online Real Estate Investing <\/a><\/li>\n<li><a href=\"#private-equity-funds\">#8: Private Equity Funds <\/a><\/li>\n<\/ul>\n<p><!-- \/wp:list --><!-- wp:paragraph --><\/p>\n<p>We&#8217;ll also break down the <a href=\"#4-real-estate-investing-myths\">four myths of real estate investing<\/a>. Let&#8217;s get started.<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:heading {\"level\":3} --><\/p>\n<h3 id=\"real-estate-investment-trust\">#1: Real-estate investment trust (REIT)<\/h3>\n<p><!-- \/wp:heading --><!-- wp:paragraph --><\/p>\n<p>If you\u2019re looking for a way to invest in real estate that\u2019s lower risk than buying investment property, this is the method for you.<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:paragraph --><\/p>\n<p>Real estate investment trusts, or REIT, act like <a href=\"http:\/\/iwillteachyoutoberich.com\/all-about-mutual-funds\/\" target=\"_blank\" rel=\"noopener noreferrer\">mutual funds<\/a> for real estate. Think of them like a basket. In the basket are different properties you can invest in. Instead of investing in individual ones, you invest in the entire basket along with other investors. REITs are typically managed by a company (i.e. a trust).<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:paragraph --><\/p>\n<p>Your investment goes towards buying and developing the properties to turn into eventual profit. Investors get paid dividends with REITs like a normal fund.<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:paragraph --><\/p>\n<p>REITs are typically managed by a company (i.e. a trust). They also come in a variety of different forms. You can invest in REITs that focus on healthcare buildings like hospitals or retail buildings like shopping malls.<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:paragraph --><\/p>\n<p>Overall, REITs are a great place to start if you\u2019re looking to get your toes wet in real estate investing. Not only do you not have to worry about paying enormous amounts for a property, but you get started today with a broker.\u00a0 They are an excellent and low-risk way to diversify your portfolio into real-estate. And you never have to think about it just like a normal index fund.<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:paragraph --><\/p>\n<p>For more, check out our <a href=\"http:\/\/iwillteachyoutoberich.com\/all-about-mutual-funds\/\" target=\"_blank\" rel=\"noopener noreferrer\">article on mutual funds<\/a> to learn how to start investing with a broker today.<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:block {\"ref\":33987} \/--><!-- wp:heading {\"level\":3} --><\/p>\n<h3 id=\"rental-property\">#2: Rental property<\/h3>\n<p><!-- \/wp:heading --><!-- wp:paragraph --><\/p>\n<p>Admit it: You\u2019ve flirted with the idea of buying a single-family home and renting it out for passive income.<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:paragraph --><\/p>\n<p>If you\u2019re careful about the property you buy and the person you rent it to, it can be a great way to make some money while you pay off the mortgage for the property. And as rent prices rise each year, your mortgage will remain relatively fixed\u2014increasing your earnings as a result.<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:paragraph --><\/p>\n<p>However, you need to keep in mind the phantom costs of purchasing a home. These are the unseen but consequential costs such as regular maintenance and repairs that many would-be homeowners don\u2019t consider when they first purchase a house.<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:paragraph --><\/p>\n<p>And since you\u2019ll be the landlord of the property, you\u2019re on the hook for any issues that might arise when your tenet calls you at 3am complaining about a burst pipe.<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:paragraph --><\/p>\n<p>Also, many folks assume that landlords can set any rent they want. That\u2019s not true. They can only set rent at a price that the market will support. If the local economy begins to struggle, you could be forced to rent the property at a rate that\u2019s less than your mortgage. You\u2019d start losing money every month, which can seriously hurt your cash flow.<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:paragraph --><\/p>\n<p>If you\u2019re willing to put in the work to be a good landlord, here is our article on <a href=\"https:\/\/www.iwillteachyoutoberich.com\/how-to-buy-a-house\/\">how to buy a house<\/a>.<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:block {\"ref\":33987} \/--><!-- wp:heading {\"level\":3} --><\/p>\n<p><!-- \/wp:list --><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c6ec8de elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"c6ec8de\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e2403d3\" data-id=\"e2403d3\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ee56c79 elementor-widget elementor-widget-text-editor\" data-id=\"ee56c79\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h3 id=\"house-hacking\">#3: House-hacking<\/h3>\n<p><!-- \/wp:heading --><!-- wp:paragraph --><\/p>\n<p>House-hacking sounds like you\u2019re trying to access the mainframe of your house in a cheesy hacking montage.<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:paragraph --><\/p>\n<p>But it\u2019s actually a lucrative way to make money in real estate.<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:paragraph --><\/p>\n<p>Here\u2019s how house-hacking works: You purchase a multi-flat building. Then you live in one unit while you rent out the other ones. This allows you to generate money via rent while you cut down on your own expenses by living on the property.<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:paragraph --><\/p>\n<p>This is similar to purchasing rental property. But instead of being on the hook for maintenance and repairs for one property, you\u2019ll be responsible for all of your units. This can be a big drawback for those looking to get involved in house-hacking.<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:paragraph --><\/p>\n<p>However, if you have the funds to hire repair people or property managers (or if you just want to do it yourself), house-hacking could be a great way to make some cash in real estate.<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:block {\"ref\":33987} \/--><!-- wp:heading {\"level\":3} --><\/p>\n<h3 id=\"flipping-property\">#4: Flipping property<\/h3>\n<p><!-- \/wp:heading --><!-- wp:paragraph --><\/p>\n<p>Flipping houses seem straightforward: Buy a house, renovate it, and then sell it for more than you bought it for\u2014and more than it cost to renovate it.<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:paragraph --><\/p>\n<p>However, would-be house flippers should know that this is one of the most time, money, and energy consuming ways to make money in real estate. Not only do you need the money to purchase a property, but you also need to put in the sweat equity to renovate a house.<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:paragraph --><\/p>\n<p>Some of the best advice I\u2019ve been given is to only consider flipping if I had a network of trusted contractors that I could rely on. Otherwise, it\u2019s really easy for costs to get out of hand.<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:paragraph --><\/p>\n<p>And even when you renovate a house, it\u2019s not guaranteed that it\u2019ll sell any better than before. Factors such as the real estate market, the economy, and the location play a massive role as well.<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:paragraph --><\/p>\n<p>That said, it still has the potential to give you massive profits if you play your cards right.<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:block {\"ref\":33987} \/--><!-- wp:heading {\"level\":3} --><\/p>\n<h3 id=\"short-term-room-rentals\">#5: Short-term room rentals<\/h3>\n<p><!-- \/wp:heading --><!-- wp:paragraph --><\/p>\n<p>Much like house-hacking, this method involves you renting out property you already live on. However, there\u2019s a slight difference to this one: You don\u2019t even have to <i>own <\/i>the property in order to rent it out.<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:paragraph --><\/p>\n<p>With the advent of websites like Airbnb and even Craigslist, you can rent out different rooms in your house or apartment for cash.<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:paragraph --><\/p>\n<p>And with the combination of the right listing and the right location, you can make a good amount of money from those sites\u2014like this enterprising <i>I Will Teach <\/i>reader:<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:paragraph --><\/p>\n<p>For more on how to get started with Airbnb, <a href=\"https:\/\/www.airbnb.com\/host\/homes\" target=\"_blank\" rel=\"noopener noreferrer\">here\u2019s the official how to article from the company itself<\/a>.<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:paragraph --><\/p>\n<p>Also, <a href=\"https:\/\/thepointsguy.com\/guide\/airbnb-host-guide\/\" target=\"_blank\" rel=\"noopener noreferrer\">here\u2019s another great guide from our friends over at <i>The Points Guy.<\/i><\/a><\/p>\n<p><!-- \/wp:paragraph --><!-- wp:block {\"ref\":33987} \/--><!-- wp:heading {\"level\":3} --><\/p>\n<h3 id=\"real-estate-funds\">#6: Real-estate funds<\/h3>\n<p><!-- \/wp:heading --><!-- wp:paragraph --><\/p>\n<p>These act like REITs where you invest in a mutual fund with other investors in companies that actively manage different properties for you. The difference is that real-estate investment funds also include direct investments into real estate properties.<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:paragraph --><\/p>\n<p>REITs act much like stocks and other equities, whereas real-estate funds are like your typical mutual funds.<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:paragraph --><\/p>\n<p>\u201cReal-estate funds generally increase in value through appreciation and generally do not provide short-term income to investors as do REITs,\u201d explains <a href=\"https:\/\/finance.yahoo.com\/news\/7-differences-between-real-estate-194657591.html\" target=\"_blank\" rel=\"noopener noreferrer\">Stuart Michelson<\/a>, a finance professor for Stetson University. \u201cReal estate funds gain value mostly through an increase in value of the assets.\u201d<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:paragraph --><\/p>\n<p>You should expect higher fees than a standard REIT.<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:block {\"ref\":33987} \/--><!-- wp:heading {\"level\":3} --><\/p>\n<h3 id=\"online-real-estate-investing\">#7: Online real-estate investing<\/h3>\n<p><!-- \/wp:heading --><!-- wp:paragraph --><\/p>\n<p>This method relies on web platforms such as Fundrise to get your investment done for you.<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:paragraph --><\/p>\n<p>These platforms allow real-estate managers to connect with potential real-estate investors to help fund the purchase or investment of different properties.<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:paragraph --><\/p>\n<p>Think of it like Kickstarter for real estate. But instead of a <a href=\"https:\/\/www.theverge.com\/2019\/12\/9\/21003445\/coolest-cooler-update-business-tariffs-kickstarter\" target=\"_blank\" rel=\"noopener noreferrer\">dumb cooler that will never get delivered to you<\/a>, you can receive returns like a typical stock or bond investment.<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:paragraph --><\/p>\n<p>And with a web platform, it can be a much more intuitive experience.<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:paragraph --><\/p>\n<p>If you\u2019re interested, here are a few online real-estate investing platforms you can use to get started:<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:list --><\/p>\n<ul>\n<li><a href=\"https:\/\/www.theverge.com\/2019\/12\/9\/21003445\/coolest-cooler-update-business-tariffs-kickstarter\" target=\"_blank\" rel=\"noopener noreferrer\">Fundrise<\/a><\/li>\n<li><a href=\"https:\/\/www.realtyshares.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">RealtyShares<\/a><\/li>\n<\/ul>\n<p><!-- \/wp:list --><!-- wp:block {\"ref\":33987} \/--><!-- wp:heading {\"level\":3} --><\/p>\n<h3 id=\"private-equity-funds\">#8: Private equity funds<\/h3>\n<p><!-- \/wp:heading --><!-- wp:paragraph --><\/p>\n<p>Much like mutual funds, private equity funds pool the money of different investors together in order to invest in property. Unlike an REIT or real-estate trust, though, these funds are typically only available to accredited investors who have a lot of money on hand to start investing.<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:paragraph --><\/p>\n<p>To start, you need at <i>least <\/i>$100,000 to begin investing. That number can easily start to get in the seven-figure range depending on the fund.<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:paragraph --><\/p>\n<p>As such it\u2019s not as accessible to the layman as many of the other options on this list. However, it\u2019s still worth noting just in case that applies to you.<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:block {\"ref\":33987} \/--><!-- wp:heading --><\/p>\n<h2 id=\"4-real-estate-investing-myths\"><strong>4 real estate investing myths<\/strong><\/h2>\n<p><!-- \/wp:heading --><!-- wp:paragraph --><\/p>\n<p>I\u2019ll be honest though: I think many people who invest in real estate are making a bad investment. It\u2019s only exacerbated by all of the BS out there about owning a house.<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:paragraph --><\/p>\n<p>Think about it. We\u2019ve all thought about buying a four-bedroom house and a white picket fence on our own slice of the American Dream\u2122.<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:paragraph --><\/p>\n<p>What many don\u2019t realize, though, is that investing in the four-bedroom house can quickly turn into the <a href=\"http:\/\/iwillteachyoutoberich.com\/house-poor\/\">biggest money and time sink of their lives<\/a>. In fact, buying a house is just another one of those <a href=\"http:\/\/iwillteachyoutoberich.com\/the-invisible-scripts-that-guide-our-lives\/?awt_l=Bucno&amp;awt_m=3VrpEV0kGxSh4bn\">invisible scripts <\/a>that we blindly follow without giving it a second thought.<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:paragraph --><\/p>\n<p>Invisible scripts are those guiding beliefs that are so deeply embedded in our day-to-day lives that we don\u2019t even realize they\u2019re there.<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:paragraph --><\/p>\n<p>We\u2019ve all heard them before:<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:list {\"ordered\":true} --><\/p>\n<ol>\n<li>You need to make sure you get a <a href=\"http:\/\/iwillteachyoutoberich.com\/how-to-get-scholarships\/\">college degree<\/a><\/li>\n<li>After you graduate, you need to get married<\/li>\n<li>After you get married, you need to have kids<\/li>\n<\/ol>\n<p><!-- \/wp:list --><!-- wp:paragraph --><\/p>\n<p>And buying a house is one of those scripts \u2014 despite the fact that it\u2019s one of the biggest, life-altering decisions you can make.<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:paragraph --><\/p>\n<p>In fact, I receive emails every day from people saying, \u201cI have a horrible financial problem. Plz help!\u201d and 40% of the time, it\u2019s directly related to their mortgages.<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:paragraph --><\/p>\n<p><a href=\"http:\/\/iwillteachyoutoberich.com\">In chapter 9 of my New York Times best-selling book<\/a>, I\u2019m hyper-critical of people buying real estate because they think it\u2019s a \u201cgood investment\u201d or because they think they\u2019re \u201cthrowing money away on rent.\u201d<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:paragraph --><\/p>\n<p>Those myths \u2014 and many others \u2014 are just that. Myths. And they\u2019ve been so detrimental to many people\u2019s financial situations that I feel like I need to dispel some of them today.<\/p>\n<p><!-- \/wp:paragraph --><!-- wp:paragraph --><\/p>\n<p>Here are the four myths of real estate you need to know before you even think about buying a house.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ca2f2a0 elementor-widget elementor-widget-heading\" data-id=\"ca2f2a0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-xl\">The world wants you to be vanilla...<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-daaebd5 elementor-widget elementor-widget-text-editor\" data-id=\"daaebd5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>\u2026but you don\u2019t have to take the same path as everyone else. How would it look if you designed a Rich Life on your own terms? Take our quiz and find out: <!-- notionvc: 4b2f92ab-012a-48a3-865f-2a382a9f5b53 --><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-02a224d elementor-widget elementor-widget-button\" data-id=\"02a224d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.iwillteachyoutoberich.com\/rich-life-quiz\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Take the Quiz<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6a8bac2 elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"6a8bac2\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a8d7fa0\" data-id=\"a8d7fa0\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6d395c9 elementor-widget elementor-widget-text-editor\" data-id=\"6d395c9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h3><strong>Real estate investing myth #1: <\/strong>\u201cPurchasing real estate is a great investment\u201d<\/h3>\n<p>One thing I always hear from people who are about to buy a house is, \u201cBuying real estate is an <em>investment<\/em>! One day this house is going to be worth WAY more than it is now.\u201d<\/p>\n<p>Look, I get it. We\u2019re always hearing stories from old farts who bought their homes way back in the Truman administration for just $30,000 and now it\u2019s worth $450,000 or whatever.<\/p>\n<p>When the truth is the people who say things like this don\u2019t account for the invisible factors like inflation and maintenance.<\/p>\n<p>Yale economist and Nobel Laureate Robert Shiller reported that from 1890 to 1990, the return on residential real estate was just about <a href=\"https:\/\/www.citylab.com\/equity\/2013\/10\/economist-who-just-won-nobel-prize-thinks-housing-terrible-investment\/7240\/\">ZERO after inflation<\/a>.<\/p>\n<p>Realtors and homeowners are going to flood my inbox with hate mail for saying this, but real estate is the most overrated investment in America. Even Warren Buffett, one of the world\u2019s wealthiest men, points out that <a href=\"https:\/\/www.fool.com\/investing\/general\/2014\/10\/04\/what-warren-buffetts-house-can-teach-you-about-suc.aspx\">houses don\u2019t necessarily increase in value<\/a>. By the way, he\u2019s still living in the same <a href=\"https:\/\/time.com\/money\/3843188\/this-is-how-much-it-costs-to-live-next-to-warren-buffett\/\">five-bedroom house he bought in Omaha, Nebraska, back in 1958<\/a>.<\/p>\n<p>James Altucher wrote about <a href=\"https:\/\/techcrunch.com\/2012\/03\/24\/entrepreneurs-should-not-buy-homes\/\">why entrepreneurs shouldn\u2019t buy a home<\/a>, and he suggests the following:<\/p>\n<p>\u201cTake 1\/20th of the down payment amount. Start a business.<\/p>\n<p>Your investment might go to zero (which it might also do with a house) but it might also go up to 10,000% returns.<\/p>\n<p>Eventually, as an entrepreneur, if you are persistent enough, you will get one of those 10,000% returns. And you will be persistent because you didn\u2019t waste all the money and time that a house would\u2019ve cost you.\u201d<\/p>\n<h3><strong>Real estate investing myth #2:<\/strong> \u201cI\u2019m throwing away my money if I keep renting!\u201d<\/h3>\n<p>A reader once told me, \u201cRamit, I pay $1,000\/month renting my apartment, so I definitely can afford $1,000 a month on a mortgage and build equity!\u201d<\/p>\n<p>So I asked her, \u201cWell, how nice is your apartment?\u201d<\/p>\n<p>She admitted that the hardwood floors were old and the kitchen was very outdated.<\/p>\n<p>\u201cSo will you want a house like that,\u201d I asked, \u201cor will you want a nicer place \u2014 one with recessed ceilings, newer appliances, and a balcony large enough for entertaining?\u201d<\/p>\n<p>She looked at me as if I were an idiot. \u201cOf course I want a nicer house.\u201d<\/p>\n<p>\u201cOkay,\u201d I replied. \u201cBut that will cost more than your current rent, right?\u201d<\/p>\n<p>When I said that, a lightbulb went off in her head. She hadn\u2019t even considered that.<\/p>\n<p>Chances are people who want to buy a house haven\u2019t either. Of course, you\u2019ll want a nicer house than the apartment you\u2019re currently renting \u2014 ESPECIALLY if you\u2019re committing yourself to a long-term investment like a mortgage. But that means your monthly payment will be higher.<\/p>\n<p>Of course, that seems pretty obvious \u2014 but it\u2019s only the beginning.<\/p>\n<p>What many people often ignore when they say that they don\u2019t want to throw money away on renting are the Phantom Costs.<\/p>\n<p>Phantom Costs are things like:<\/p>\n<ul>\n<li>Property taxes<\/li>\n<li>Insurance<\/li>\n<li>Utilities (e.g., internet, electricity, gas, water, etc.)<\/li>\n<li>Home maintenance fees<\/li>\n<li>Toilet drains breaking randomly at 2 am forcing you to awkwardly ask your neighbor if you can use their bathroom before you spend a few hours Googling \u201c24-hour plumbers\u201d\u00a0\u00a0<\/li>\n<\/ul>\n<p>These costs will add hundreds per month to your living expenses.<\/p>\n<p>After all, you\u2019re not just paying the mortgage each month. You\u2019re also paying for the oven if it breaks down, or the hot water heater if it isn\u2019t working, or that cockroach problem you inherited from the previous owner.<\/p>\n<p>When you rent, you can just call your landlord if any of those things happen, and he or she foots the bill.<\/p>\n<p>(By the way, the common response here is: \u201cLandlords factor all of that into your rent. They wouldn\u2019t rent out their place if they couldn\u2019t make a profit!\u201d This is incorrect. Landlords don\u2019t charge what their cost is + a profit. <em>Landlords charge what the market will bear<\/em>. Some make a profit, but many of them are losing money each month.)<\/p>\n<p>When you own, though, you have to fix those things or call someone else to fix them for you. And of course, that comes out of your own pocket.<\/p>\n<p>Sure, the plumber here and the exterminator there doesn\u2019t sound that bad \u2026 but imagine that in the course of owning a house, your roof breaks. All of a sudden, that\u2019s $25,000 you need to invest in repairs.<\/p>\n<p>So even if you have a mortgage that is the same as your rent \u2014 let\u2019s say $1,000 \u2014 you still need to add 40-50% to that monthly amount to factor in the phantom costs. Now you\u2019re paying closer to $1,500\/month.<\/p>\n<figure class=\"wp-block-image\"><\/figure>\n<p>If you purchase a $300,000 house today, over 30 years, it could cost you almost $1 MILLION.<\/p>\n<p>In the end, you\u2019re not throwing your money away by renting \u2014 but you will throw your money away if you buy a house without knowing what you\u2019re doing.<\/p>\n<p>In the video below, I break down the myths of renting vs buying a house a bit more. Check it out.<\/p>\n<h3><strong>Real estate investing myth #3: <\/strong>\u201cIf I cut back on enough avocado toast I can afford a house!\u201d<\/h3>\n<p><a href=\"https:\/\/www.iwillteachyoutoberich.com\/best-way-to-save-money\/\">Just\u2026 Stop it. Right now.<\/a><\/p>\n<h3><strong>Real estate investing myth #4: <\/strong>\u201cI can always leverage this house or take advantage of the tax savings\u201d<\/h3>\n<p>This is effectively two myths in one \u2014 but they both boil down to one idea: People think they can guarantee that they will make money by investing in real estate.<\/p>\n<p>I\u2019m talking about leverage and tax savings, and BOTH can cause you to lose money.<\/p>\n<ol>\n<li>Leverage<br \/>So many homeowners point to leverage as a key benefit to their real estate investment.<br \/>For example, you can put $20,000 down for a $100,000 house, and if the house climbs to $120,000, you\u2019ve effectively doubled your money.<br \/>That <em>sounds <\/em>great, but it\u2019s ignoring one big thing: The price of a house doesn\u2019t always increase (*cut to people who purchased a house in 2007 crying and nodding*). So unfortunately, leverage can work against you if the price goes down.<br \/>If your house declines by 10%, you don\u2019t just lose 10% of your equity \u2014 it\u2019s more like 20% once you factor in the 6% in realtor\u2019s fees, closing costs, new furniture, and other expenses.<br \/>You need to be prepared to face this potential loss before you drop several hundred thousand dollars on a new house.<\/li>\n<li>Tax savings<br \/>People think that they can <a href=\"https:\/\/www.fool.com\/retirement\/2018\/01\/08\/5-key-tax-breaks-that-still-exist-in-2018.aspx\">deduct their mortgage interest<\/a> from their taxes and save a bunch of money.<br \/>Though you can deduct your mortgage interest, people forget that they\u2019re saving money that they ordinarily would never have spent.<br \/>Think about it. The amount you pay out owning a house is much higher than you would for any rental when you include all those phantom payments I mentioned. So even though you\u2019ll certainly save money on your mortgage interest through tax breaks, the net is usually a loss.<\/li>\n<\/ol>\n<p>At the end of the day, both leverages and the tax breaks you get from buying a house just aren\u2019t good enough reasons to justify investing in real estate.<\/p>\n<h2>Is real-estate investing right for you?<\/h2>\n<p>Real-estate investment can be an interesting and fun way to diversify your assets. If you play your cards right and do your research, there\u2019s no telling how much money you can make through these investments.<\/p>\n<p>But you have to be careful. Real-estate tends to be a very volatile market, and there are a lot of dangers that go into it if you don\u2019t keep in mind certain elements. To learn more about this, be sure to check out our very best resources on the topic below:<\/p>\n<p><!-- \/wp:heading --><!-- wp:paragraph --><!-- \/wp:paragraph --><!-- wp:paragraph --><!-- \/wp:paragraph --><!-- wp:paragraph --><!-- \/wp:paragraph --><!-- wp:paragraph --><!-- \/wp:paragraph --><!-- wp:paragraph --><!-- \/wp:paragraph --><!-- wp:paragraph --><!-- \/wp:paragraph --><!-- wp:paragraph --><!-- \/wp:paragraph --><!-- wp:paragraph --><!-- \/wp:paragraph --><!-- wp:paragraph --><!-- \/wp:paragraph --><!-- wp:heading {\"level\":3} --><!-- \/wp:heading --><!-- wp:paragraph --><!-- \/wp:paragraph --><!-- wp:paragraph --><!-- \/wp:paragraph --><!-- wp:paragraph --><!-- \/wp:paragraph --><!-- wp:paragraph --><!-- \/wp:paragraph --><!-- wp:paragraph --><!-- \/wp:paragraph --><!-- wp:paragraph --><!-- \/wp:paragraph --><!-- wp:paragraph --><!-- \/wp:paragraph --><!-- wp:paragraph --><!-- \/wp:paragraph --><!-- wp:paragraph --><!-- \/wp:paragraph --><!-- wp:paragraph --><!-- \/wp:paragraph --><!-- wp:paragraph --><!-- \/wp:paragraph --><!-- wp:list --><!-- \/wp:list --><!-- wp:paragraph --><!-- \/wp:paragraph --><!-- wp:paragraph --><!-- \/wp:paragraph --><!-- wp:paragraph --><!-- \/wp:paragraph --><!-- wp:paragraph --><!-- \/wp:paragraph --><!-- wp:paragraph --><!-- \/wp:paragraph --><!-- wp:paragraph --><!-- \/wp:paragraph --><!-- wp:paragraph --><!-- \/wp:paragraph --><!-- wp:paragraph --><!-- \/wp:paragraph --><!-- wp:image --><!-- \/wp:image --><!-- wp:paragraph --><!-- \/wp:paragraph --><!-- wp:paragraph --><!-- \/wp:paragraph --><!-- wp:paragraph --><!-- \/wp:paragraph --><!-- wp:block {\"ref\":33987} \/--><!-- wp:heading {\"level\":3} --><!-- \/wp:heading --><!-- wp:paragraph --><!-- \/wp:paragraph --><!-- wp:heading {\"level\":3} --><!-- \/wp:heading --><!-- wp:paragraph --><!-- \/wp:paragraph --><!-- wp:paragraph --><!-- \/wp:paragraph --><!-- wp:list {\"ordered\":true} --><!-- \/wp:list --><!-- wp:paragraph --><!-- \/wp:paragraph --><!-- wp:heading --><!-- \/wp:heading --><!-- wp:paragraph --><!-- \/wp:paragraph --><!-- wp:paragraph --><!-- \/wp:paragraph --><!-- wp:list --><\/p>\n<ul>\n<li>\n<p><a href=\"https:\/\/www.iwillteachyoutoberich.com\/how-to-invest-in-real-estate\/\">Real estate investing: The myths, facts, and ways to get started<\/a><\/p>\n<\/li>\n<li>\n<p><a href=\"https:\/\/www.iwillteachyoutoberich.com\/how-to-invest-in-real-estate\/\">The Real Scoop on Real Estate (the first of a 7 part series)<\/a><\/p>\n<\/li>\n<li>\n<p><a href=\"https:\/\/www.cnbc.com\/2018\/10\/11\/ramit-sethi-dont-buy-a-house-before-you-ask-yourself-this-question.html\">Don\u2019t buy a house without asking yourself this question<\/a><\/p>\n<\/li>\n<li><a href=\"https:\/\/www.businessinsider.com\/real-estate-overrated-investment-why-buy-a-house-2018-12\" target=\"_blank\" rel=\"noopener noreferrer\">Real estate is an overrated investment<\/a><\/li>\n<\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-cd614d3 elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"cd614d3\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2fc0df3\" data-id=\"2fc0df3\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-996e0dc elementor-widget elementor-widget-qi_addons_for_elementor_blockquote\" data-id=\"996e0dc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"qi_addons_for_elementor_blockquote.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"qodef-shortcode qodef-m qodef-qi-blockquote qodef-layout--top qodef--\">\n\t\t\t\t<h4 class=\"qodef-m-text\">\n\t\t\tBudgeting is unsustainable. Start \u201cConscious Spending\u201d instead.\n\t\t<\/h4>\n\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f62f3dc elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"f62f3dc\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-866cf88\" data-id=\"866cf88\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8e9010b elementor-widget elementor-widget-text-editor\" data-id=\"8e9010b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>As seen on the <a class=\"notion-link-token notion-focusable-token notion-enable-hover\" tabindex=\"0\" href=\"https:\/\/www.iwillteachyoutoberich.com\/podcast\/\" rel=\"noopener noreferrer\" data-token-index=\"1\"><span class=\"link-annotation-unknown-block-id-1030816302\">IWT podcast<\/span><\/a>, the Conscious Spending Plan helps you buy the things you love, guilt-free.<!-- notionvc: a313a8fa-cda5-4660-9092-0b681d7882c3 --><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c152658 elementor-widget elementor-widget-qi_addons_for_elementor_wp_forms\" data-id=\"c152658\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"qi_addons_for_elementor_wp_forms.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"qodef-shortcode qodef-m 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type=\"hidden\" name=\"page_url\" value=\"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/posts\/58556\"><input type=\"hidden\" name=\"url_referer\" value=\"http:\/\/www.iwillteachyoutoberich.com\/how-to-invest-in-real-estate\/\"><button type=\"submit\" name=\"wpforms[submit]\" id=\"wpforms-submit-53456\" class=\"wpforms-submit\" data-alt-text=\"Sending...\" data-submit-text=\"Send me the plan (free)\" aria-live=\"assertive\" value=\"wpforms-submit\">Send me the plan (free)<\/button><img decoding=\"async\" src=\"https:\/\/www.iwillteachyoutoberich.com\/wp-content\/plugins\/wpforms\/assets\/images\/submit-spin.svg\" class=\"wpforms-submit-spinner\" style=\"display: none;\" width=\"26\" height=\"26\" alt=\"Loading\"><\/div><\/form><\/div>  <!-- .wpforms-container --><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Real-estate investing offers a way to earn money while building for your financial future\u2014but it\u2019s also an easy way to lose your shirt if you\u2019re not careful. If you do your research and commit to tried-and-true systems, you can make your money back and then some. That\u2019s why we want to go through 8 ways [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":94113,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","om_disable_all_campaigns":false,"_lmt_disableupdate":"no","_lmt_disable":"","_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[160],"class_list":["post-58556","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-personal-finance"],"acf":[],"aioseo_notices":[],"modified_by":null,"_links":{"self":[{"href":"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/posts\/58556","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/comments?post=58556"}],"version-history":[{"count":0,"href":"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/posts\/58556\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/media\/94113"}],"wp:attachment":[{"href":"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/media?parent=58556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/categories?post=58556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}